Corporate News

DEMIRE strengthens internal property management by undertaking an acquisition

  • F. Krüger Immobilien GmbH will be integrated into the DEMIRE Group
  • Company gaining additional location in Bremen

Frankfurt/Main, 22. February 2016 – DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”, ISIN DE000A0XFSF0) acquires the operations of F. Krüger Immobilien GmbH as part of an asset deal. By way of a business transfer to DEMIRE Immobilien Management GmbH, a wholly owned subsidiary of DEMIRE, the property management activities of the Group specialised on commercial real estate will be strengthened even further. All employees of F. Krüger Immobilien GmbH will be transferred to DEMIRE and continue working at the Krüger location in Bremen. This will be a new location for the DEMIRE real estate group.
DEMIRE, the rapidly growing commercial real estate group, follows a business model based on a buy and hold strategy focused on secondary locations in Germany. In 2015, DEMIRE’s real estate portfolio surpassed a level of 1.1 million m² in rental space. By strengthening the property management area with this business transfer, DEMIRE is building on its effective management of its real estate portfolio in line with its strategy.
“We are very pleased that we are gaining proven real estate experts for our property management activities through our acquisition of F. Krüger Immobilien GmbH. This enables us to strengthen our strategically important integrated real estate management system. What is more, Mr. Fred Krüger, the founder and former owner of the company, will continue to stand by as an advisor with his profound expertise”, explained Markus Drews, the member of the Executive Board responsible for asset, property and facility management at DEMIRE Deutsche Mittelstand Real Estate AG.
The Executive Board

Über die DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen
phone: +49 (0) 6103 – 372 49-0
fax: +49 (0) 6103 – 372 49-11
email: ir_at_demire.ag
Web: www.demire.ag

Michael Tegeder
Head of Investor Relations
& Corporate Finance

phone: +49 (0) 6103 37249 44
fax: +49 (0) 6103 37249 11
email: ir_at_demire.ag

Feldhoff & Cie. GmbH
Herr Markus Heber
phone: +49 69 26 48 677 – 19
email: mh_at_feldhoff-cie.de