DEMIRE gains Ingo Hartlief, one of the most experienced personalities in the real estate industry, as Chairman of the Executive Board

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change of Personnel20.12.2018 /

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change of Personnel

20.12.2018 / 13:12
The issuer is solely responsible for the content of this announcement.


DEMIRE gains Ingo Hartlief, one of the most experienced personalities in the real estate industry, as Chairman of the Executive Board

Langen, Germany, 20 December 2018 - The Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG today appointed Mr. Ingo Hartlief FRICS as a new member of the Executive Board and Chairman of the Executive Board of the Company with immediate effect until the end of 2021. Mr. Ingo Hartlief has many years of experience in the real estate industry, inter alia as Vice CEO & COO of CORPUS SIREO Real Estate GmbH, CEO of Swiss Life KVGmbH and Managing Director of Union Investment Real Estate GmbH.

The expansion of the Executive Board is intended to address the growing demands of the Company's planned portfolio growth. The current sole member of the Executive Board, Mr. Ralf Kind,  will remain member of the Executive Board of the Company.

Prof. Dr. Alexander Goepfert, Chairman of the Supervisory Board, commented: "We are pleased to have gained Mr. Ingo Hartlief, one of the most prominent personalities in the German real estate industry, for the Company. His extensive experience in the areas of investment and asset management, transactions and portfolio management will be of great benefit for the Company in its planned further growth.

The Supervisory Board would like to thank Ralf Kind for his achievements in his dual function as CEO/CFO and for the valuable contribution he has made to the development of the Company to date. In recent months, the Company has significantly increased its funds from operations (FFO I, after tax, before minorities) and significantly reduced the EPRA vacancy rate and net loan-to-value ratio. In addition, the increased forecast for the financial year 2018 was recently confirmed.

Contact:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0)6103 3724944
E-Mail:


20.12.2018 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.

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Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen
Tel.: +49 (0) 6103 – 372 49-0
Fax: +49 (0) 6103 – 372 49-11
E-mail:
Web: www.demire.ag

INVESTOR RELATIONS KONTAKT
Peer Schlinkmann
Head of Investor Relations & Corporate Communications

Tel.: +49 (0) 6103 37249 44
Fax: +49 (0) 6103 37249 11
E-Mail:

PUBLIC RELATIONS KONTAKT
RUECKERCONSULT GmbH
Herr Nikolaus von Raggamby
Tel.: +49 30 28 44 987 40