Accentro Real Estate AG

Board/Management Information • Mar 14, 2012

News Details

Corporate | 14 March 2012 07:30

ESTAVIS AG: Supervisory Board of Estavis AG Appoints Jacopo Mingazzini as Member to the Board

ESTAVIS AG / Key word(s): Change of Personnel

14.03.2012 / 07:30

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Press Release

Supervisory Board of Estavis AG Appoints Jacopo Mingazzini as Member to the
Board

Berlin, 14 March 2012 - The Supervisory Board of Estavis AG appointed
Jacopo Mingazzini to the company's Executive Board as at 15 March 2012.
This brings the Board back up to the strength of two members.

Said Dr. Karl-Josef Stöhr, Chairman of the Supervisory Board of Estavis AG:
'We are pleased to say that we managed to recruit another experienced real
estate expert for the Executive Board of Estavis AG in the person of Jacopo
Mingazzini. Jacopo Mingazzini has operated successfully in the area of
apartment retailing for roughly a decade and a half. The example of
Accentro GmbH goes to show that he is perfectly capable of setting up a
profitable real estate company and to steer it successfully through the
various stages of the market cycle, too. Following its acquisition by
Estavis, Accentro quickly developed into an essential revenue driver for
the group, making a significant contribution to its profits.'

Jacopo Mingazzini is Managing Director of Accentro GmbH, a private limited
company which he formed in 1999, and which was acquired by Estavis AG in
May 2011. Previously, he served as managing partner of a German
apartment-retailing and development company operating nationwide.
Mingazzini holds a degree in business administration from the University of
Munich and a degree in real estate economics from the European Business
School that he acquired parallel to his professional career. In addition to
his full-time job, he also teaches at the Real Estate Business Academy in
Frankfurt.

About ESTAVIS:

ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios and project developments with great
value-added potential and uses its management and development expertise to
harness this potential efficiently. The prime objective here is to
capitalise dynamically on the values of properties by marketing them as
portfolio sales or privatising them for tenants, owner-occupiers or
investors. The company's selling power results from its strong own sales
network, supplemented by the acquisition of the sales company Accentro
GmbH.
In addition to regular cash flow from the property portfolio acquired,
ESTAVIS AG develops its performance from income from property sales.
ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard
of the Frankfurt Stock Exchange (German Securities Code Number [WKN]:
A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-Mail: ir@estavis.de

End of Corporate News

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

160479 14.03.2012