Fair Value REIT-AG / Change of Personnel 31.08.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, August 31, 2009 - Due to reaching retirement age, Manfred Heiler, Member of the Managing Board of Fair Value REIT-AG, will resign from office by his own request as of September 30, 2009. The Supervisory Board and the Managing Board thank Mr. Heiler for the good and trustful collaboration. Mr. Heiler will stay in close contacts with the company. For the time being the company does not intend to restaff the position. <End of ad hoc disclosure> --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Company profile Munich-based Fair Value REIT-AG focuses on the acquisition, leasing, 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 it's 'Participations' segment Fair Value currently holds interests in a highly diversified portfolio of 48 properties with a total rental area of 413.658 m² and a market value of around EUR 499 million as of December 31, 2008 (Fair Value's interest in this portfolio currently totals around EUR 197.4 million). In its 'Direct Investments' segment, Fair Value owns a portfolio of 32 commercial properties in Schleswig-Holstein. These have a rental area of more than 42,948 m² and are mostly used as bank branches. These properties had a total market value of around EUR 47.3 million as of December 31, 2008. On June 30, 2009, Fair Value's share of the entire portfolio had a market value of around EUR 245 million. As of June 30, 2009, this proportionate portfolio had an occupancy level of 95.0% of the potential rent of EUR 21.0 million. The rental agreements had a weighted remaining term of 6.5 years on June 30, 2009. Around 45% of the potential rent stem from retail facilities, 40% from offices, 9% are from logistics facilities and 6% from other facilities. Contact Investor & Media Relations cometis AG Dirk Stauer Phone: +49(0)611 - 205855-22 Fax: +49(0)611 - 205855-66 E-mail: stauer@cometis.de DGAP 31.08.2009 --------------------------------------------------------------------------- Language: English Issuer: Fair Value REIT-AG LeopoldstraÃe 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 München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Fair Value REIT-AG: Member of the Managing Board Manfred Heiler resigns from office by his own request as of September 30, 2009
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