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DEMIRE Deutsche Mittelstand Real Estate AG
Regulatory Filings • Feb 22, 2016
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Regulatory Filings
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News Details
Corporate | 22 February 2016 07:30
DEMIRE strengthens internal property management by undertaking an acquisition
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Takeover
2016-02-22 / 07:30
The issuer is solely responsible for the content of this announcement.
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
Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: [email protected]
Web: www.demire.ag
Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 47 40 23 10
Email: [email protected]
2016-02-22 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Lyoner Straße 32 | |
| 60528 Frankfurt am Main | |
| Germany | |
| Phone: | +49 (0)69 / 719 189 79 0 |
| Fax: | +49 (0)69 / 719 189 79 11 |
| E-mail: | [email protected] |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Stuttgart |
| End of News | DGAP News Service |