Hon.-Prof. Andreas Steyer leaves DEMIRE AG. DEMIRE Deutsche Mittelstand Real Estate AG, DE000A0XFSF0
Hon.-Prof. Andreas Steyer leaves DEMIRE AG
Langen, April 12, 2017 - Hon. Prof. Andreas Steyer will resign from the Executive Board of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) effective June 30, 2017 to pursue new professional challenges. Andreas Steyer has been a member of the Executive Board of DEMIRE and predecessor company MAGNAT Real Estate since March 2013 and has been the Speaker of the Executive Board (CEO) of the company since May 2013. His Executive Board contract, which runs until March 31, 2019, will be terminated prematurely by best mutual amicable agreement with the Supervisory Board. Executive Board member Mr Markus Drews will become the Executive Board spokesman (CEO) as of July 1, 2017. As of July 1, 2017, the Executive Board of the company will consist of Mr Markus Drews (CEO) and Mr Ralf Kind (CFO).
Andreas Steyer joined DEMIRE four years ago as a proven expert with many years of experience in management positions in the real estate sector from VB Real Estate Services für die Österreichische Volksbank AG. There, he was the head of the real estate area and the spokesman of the management. Prior to that, Mr Steyer was the managing director at Deka Immobilien Investment GmbH and was responsible for its restructuring. As a partner of Ernst & Young Real Estate and Arthur Andersen Real Estate, he was responsible for major real estate transactions and other real estate projects. Mr Steyer holds an honorary professorship for real estate economics from Jade University of Oldenburg.
With Andreas Steyer, the Company completely repositioned itself starting in 2013. The renaming of the Company into DEMIRE Deutsche Mittelstand Real Estate AG in the summer of 2013 launched the strategic repositioning of business activities towards commercial real estate in Germany in "secondary locations" - medium-sized cities and up-and-coming areas bordering metropolitan centres. After having been growing strongly, DEMIRE is now a clearly focused real estate group listed in the Prime Standard possessing a portfolio with a market value of around EUR 1 billion. The Group pursues a successful buy and hold strategy in conjunction with active portfolio management. Since Mr Steyer joined the Company, DEMIRE's share price has multiplied.
Prof Dr Hermann Anton Wagner, Chairman of the Supervisory Board of DEMIRE AG, said: "We sincerely regret the leaving of Prof Steyer and would like to thank him sincerely, also on behalf of the entire DEMIRE team, for his successful, value-enhancing work for DEMIRE. We wish Andreas Steyer all the best in his future endeavours."
DEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11
Phone: +49 (0) 6103 - 372 49 - 0
Fax: +49 (0) 6103 - 372 49 - 11
About DEMIRE - First in secondary locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up and coming areas bordering German metropolitan areas. As at September 30, 2016, DEMIRE held real estate with a market value of EUR 985 million. As at the reporting date, annual contractual rents had been firmly agreed upon in the amount of EUR 75.5 million for an average term of 5.2 years.
DEMIRE aims to maintain its corporate organisation as lean as possible, although it still believes that economies of scale and portfolio optimisation are best achieved by having its own in-house asset, property and facility management. This safeguards the Company's business expertise and, equally important, allows the Company to maintain direct contact with the customer.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Deutsche Börse in Frankfurt.
12.04.2017 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. Archive at www.dgap.deLanguage: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11 im 'the eleven' 63225 Langen (Hessen)
Germany Phone: +49 6103 37249-0 Fax: +49 6103 37249-11 E-mail: firstname.lastname@example.org Internet: www.demire.ag ISIN: DE000A0XFSF0 WKN: A0XFSF Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service