Fair Value REIT-AG / Agreement/Contract 18.06.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Contracts for office space totaling around 1,830 m² - Rental level currently at around 83% Munich, June 18, 2008 Fair Value REIT-AG has acquired three additional tenants for office space totaling around 1,830 m² in Düsseldorf's 'Airport City', plus storage space and car parking. The rental level has thus increased to more than 83% one month prior to the office property being completed. Frank Schaich, CEO of the first German 'Upstream REIT' is very pleased with the successful conclusion of these rental agreements. 'We are once again now a major step closer to full occupancy of the office property at Düsseldorf Airport. The excellent demand also results in an annual rental income at full occupancy of about 950 T, thus more than 7% higher than our original forecast. This leads to an initial yield of 7.5% p.a. based on the purchase price.' As was the case for the agreements already concluded, these rental agreements were also brokered by the real estate specialist Jones Lang LaSalle. Fair Value secured ownership of the attractive property in direct proximity to the terminal building at Düsseldorf Airport back in October 2007. The property will have 4,454 m² of office space and 288 m² of storage space. There will also be 103 car parking places, of which 89 are in an underground garage. Company profile Munich-based Fair Value REIT-AG focuses on the acquisition, rental, property management and sale of commercial properties in Germany. Its investment activities focus primarily on offices, logistics and retail properties in German regional centers. As a REIT-AG, Fair Value is not subject to corporation or trade tax and benefits from the exit tax privilege when purchasing properties. Fair Value's USP is that in addition to investing directly in real estate it also acquires interests in closed-end real estate funds. In its 'Participations' segment Fair Value currently owns interests in 13 closed end real estate funds with a highly diversified portfolio of 49 properties. The rental area of this portfolio totals 422,503 m² and had a market value of around EUR 558 million as of December 31, 2007 (Fair Value's interest in this portfolio currently totals around EUR 225 million). In its 'Direct Investments' segment, Fair Value acquired a portfolio of 32 commercial properties in the federal state of Schleswig-Holstein with a rental area of 43,113 m², mostly used as bank branches. These properties had a total market value of around EUR 50 million as of December 31, 2007. As of December 31, 2007, the total portfolio which has a proportionate market value of EUR 275 million for Fair Value, had an economic occupancy level of more than 96% of the possible annual rent of around EUR 22 million. Around 47% of rental income stems from offices, 40% from retail facilities, 8% is from logistics facilities and 5% from other facilities. Contact Investor & Media Relations cometis AG Ulrich Wiehle Tel.: +49(0)611 205855-11 Fax: +49(0)611 205855-66 e-mail: wiehle@cometis.de DGAP 18.06.2008 --------------------------------------------------------------------------- Language: English Issuer: Fair Value REIT-AG Leopoldstraße 244 80807 München Deutschland Phone: +49 (0)89 9292 815-01 Fax: +49 (0)89 9292 815-15 E-mail: info@fair-value-reit.de Internet: www.fair-value-reit.de ISIN: DE000A0MW975 WKN: A0MW97 Indices: RX REIT All Share Index, RX REIT Index Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Stuttgart, München End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Fair Value REIT-AG acquires three further tenants for its office property in Düsseldorf's 'Airport City'
| Source: EQS Group AG