11.03.2016
Fair Value REIT-AG DE000A0MW975
DGAP-News: Fair Value REIT-AG: New Supervisory Board extends Frank Schaich's tenure as CEO
DGAP-News: Fair Value REIT-AG / Key word(s): Change of Personnel/Real Estate
Fair Value REIT-AG: New Supervisory Board extends Frank Schaich's tenure as
CEO
11.03.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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Fair Value REIT-AG: New Supervisory Board extends Frank Schaich's tenure as
CEO
Munich, 11 March 2016 - As of 1 March 2016, the Supervisory Board of Fair
Value REIT-AG (ISIN DE000A0MW975) has two new members. Hon.-Prof. Andreas
Steyer and Mr. Markus Drews, who were appointed by the Munich local court,
are both members of the Management Board of DEMIRE Deutsche Mittelstand
Real Estate AG, Frankfurt. They will stand for election by the shareholders
at the Annual General Meeting of Fair Value REIT-AG in May 2016.
The court was called upon to appoint the new members after the current
members of the Supervisory Board, Dr. Oscar Kienzle and Prof. Dr. Heinz
Rehkugler, resigned from their posts at the end of February 2016 following
changes to the shareholder structure.
At the constituent meeting of the Supervisory Board, Mr. Rolf Elgeti was
appointed chairman and Mr. Markus Drews deputy chairman of the Supervisory
Board of Fair Value REIT-AG.
The Supervisory Board also extended Mr. Frank Schaich's appointment as CEO
prematurely until 31 January 2019.
Contact
Fair Value REIT-AG
Frank Schaich
Tel. 089-9292815-10
Fax. 089-9292815-15
e-mail: [email protected]
Company profile
Fair Value REIT-AG, based in Munich, focuses on retail and office
properties in German secondary locations as well as on real estate holdings
with a special emphasis on closed end funds.
As of 30 September 2015, Fair Value's total portfolio of 44 properties had
a market value of EUR 305.6 million. This portfolio had an occupancy rate
of 91.8% of potential rent on full occupancy of EUR 27.4 million per year.
As of 30 September 2015 the weighted remaining term of the leases was 4.6
years. Around 57% of the potential rent relates to retail space, 33% to
office space and 10% to other types of use.
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11.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Fair Value REIT-AG
Leopoldstraße 244
80807 München
Germany
Phone: +49 (0)89 9292 815-01
Fax: +49 (0)89 9292 815-15
E-mail: [email protected]
Internet: www.fvreit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News Service
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