Fair Value REIT-AG
Fair Value REIT-AG: Change in the Supervisory Board
Fair Value REIT-AG / Key word(s): Real Estate/Change of Personnel Fair Value REIT-AG: Change in the Supervisory Board Munich, April 17, 2014 – Fair Value REIT-AG (WKN A0MW97) gives notice that Christian Hopfer (born 1940) has stepped down from his position as member of the Supervisory Board of the company for personal reasons effective as of the end of the Annual General Meeting on May 27, 2014. As a result, the election of a new member of the Supervisory Board is required. At the Annual General Meeting on May 27, 2014, the Supervisory Board will propose the election of Wolfgang Sauerborn as member of the Supervisory Board as of the end of the Annual General Meeting for the remaining term of office of the outgoing Supervisory Board member. This term of office will end with the Ordinary Annual General Meeting which resolves on his discharge for the financial year 2016. Mr. Sauerborn (born 1954) is Managing Director of WISAG Aviation Service Holding GmbH and several other companies within the WISAG Group. For more detailed information on Mr. Sauerborn, please refer to the invitation to the Ordinary Annual General Meeting on May 27, 2014, published in the Federal Gazette as of April 16, 2014. Contact Fair Value REIT-AG Corporate Profile Fair Value REIT-AG, based in Munich, focuses on the acquisition, leasing, property management and sale of commercial properties in Germany. At the core of its investment activities are retail and office properties in German regional centres. As of December 31, 2013, Fair Value’s share of the total portfolio of 49 properties amounted to around EUR 312 million. This portfolio had an occupancy rate of 93.3% of the achievable rents at full occupancy of EUR 28.4 million per annum. As of December 31, 2013, the weighted remaining term of the leases was 5.0 years. Around 50% of the potential rent relates to retail floor space, 34% to office space and 16% to other types of use. End of Corporate News 17.04.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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: | info@fvreit.de | |
Internet: | www.fvreit.de | |
ISIN: | DE000A0MW975 | |
WKN: | A0MW97 | |
Indices: | RX REIT All Share Index, RX REIT Index | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
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