DEMIRE appoints Frank Schaich to the Executive Board
Frankfurt/Main, 01. February 2016 – The Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG, Frankfurt, (DMRE, ISIN DE000A0XSF0) has appointed Mr. Frank Schaich (56) to the Executive Board for a term of three years effective as of 1 February 2016. DEMIRE’s Supervisory Board also supports the continuation of Mr. Schaich’s position on the Management Board of Fair Value REIT-AG in Munich. DEMIRE recently acquired 77.70 % of the Fair Value REIT’s voting rights after the successful acceptance of the takeover offer.
As the third Executive Board member of DEMIRE next to Mr. Andreas Steyer and Mr. Markus Drews, Mr. Frank Schaich will assume responsibility for the finance department and for investor relations.
“Mr. Schaich will share with DEMIRE his more than 30 year long experience in commercial real estate markets, his valuable knowledge of the closed-end real estate fund business and his longstanding capital market experience. We are looking forward to continue our successful expansion into one of the leading holders of commercial property in Germany together with Mr. Frank Schaich and his collegues in the Executive Board”, said the Chairman of the Supervisory Board, Prof. Dr. Hermann Anton Wagner.
The Executive Board