DEMIRE has success with new rentals in the town of Goslar

Frankfurt/Main, July 13, 2016 - DEMIRE Deutsche Mittelstand Real Estate AG has raised the future annual rent for its property Rosentorstraße 15 in Goslar, Germany, by almost 40 % by concluding several new rental agreements over the last twelve months.

The property, which is designated as a protected landmark, is located in the inner city of Goslar and consists of roughly 4,600 m² of rental space. At the time of its purchase, the vacancy rate stood at 30 %. In the past few months following the property's renovation, both an educational organisation has become a new tenant and a new lease starting in September 2016 was concluded with Deutsche Bank AG for a period of 10 years. Aside from a small portion of warehouse space, the property is now fully let on a long-term basis.

Markus Drews, member of the DEMIRE Executive Board responsible for the operating business commented: "The example of Goslar proves that our strategy of having in-house asset, property and facility management is unfolding successfully. Having the entire value chain under one roof has not only a direct positive impact on the earnings situation of the entire Group but also supports the appreciation of the properties' value."

The Executive Board

Contact information

DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: ir@demire.ag
Website: www.demire.ag

Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 47 40 23 10
Email: ir@demire.ag

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 March 31, 2016, DEMIRE held real estate consisting of 180 properties with a market value of EUR 971 million. As at the reporting date, contractual rents had been firmly agreed upon in the amount of EUR 74.2 million (at an occupancy rate of 87.0 %) for a term of 5.5 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.