Fair Value REIT-AG

Regulatory Filings • Sep 3, 2013

News Details

Corporate | 3 September 2013 07:30

Fair Value REIT-AG: Fair Value REIT-AG sells two properties at a profit

Fair Value REIT-AG / Key word(s): Real Estate/Disposal

03.09.2013 / 07:30

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Munich, September 3, 2013 - Fair Value REIT-AG has sold a directly-held
residential and commercial building in Norderstedt near Hamburg (Segeberg
county) to a private investor. In addition, a subsidiary of the Fair Value
Group has sold a retail property in Altenberge (Steinfurt county) to a
local private investor.

The buildings with a rentable area totalling around 2,300 qm have a
remaining lease term of around one year. The agreed purchase prices of EUR
1.6 million in total are on average around 9% above the market values
determined by experts as of December 31, 2012.

Frank Schaich, CEO of Fair Value REIT-AG, commented on the disposals as
follows: 'We are systematically tapping the current demand among investors
to optimise the real estate in our directly-held and participation
portfolios. The prices agreed for the latest disposals once again show that
our real estate maintains its value and that the expert assessments tend to
be conservative. We will mainly use the proceeds to further increase our
equity ratio, with funds also being committed in a targeted manner to
increase our participations in individual associated companies.'

Contact

Fair Value REIT-AG
Frank Schaich
Tel. +49 (0) 89-9292815-10
Fax. +49 (0) 89-9292815-15
e-mail: schaich@fvreit.de

Corporate Profile

Fair Value REIT-AG, based in Munich, focuses on the acquisition, leasing,
property management and sale of commercial properties in Germany. At the
core of its investment activities are office and retail properties in
German regional centres.

As of June 30, 2013, Fair Value's share of the total portfolio amounted to
around EUR 211 million. This portfolio had an occupancy rate of 94.6% of
the achievable rents at full occupancy of EUR 18.9 million per annum. As of
June 30, 2013, the weighted remaining term of the leases was 5.6 years.
Around 43% of the potential rent relates to retail floor space, 42% to
office space and 15% to other types of use.

End of Corporate News

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Language: English
Company: Fair Value REIT-AG
Leopoldstraße 244
80807 München
Germany
Phone: +49 (0)89 9292 815-01
Fax: +49 (0)89 9292 815-15
E-mail: info@fvreit.de
Internet: www.fvreit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

228739 03.09.2013