Accentro Real Estate AG

Board/Management Information • May 11, 2007

News Details

Corporate | 11 May 2007 09:26

ESTAVIS AG strengthens management team to prepare for further growth

ESTAVIS AG / Change of Personnel

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Berlin, May 11, 2007: The Berlin-based real estate company ESTAVIS AG
strengthens its management team by appointing Rudolf Beger as Managing
Director Sales. Rudolf Beger will join the company on July 1, 2007. The
appointment reflects the excellent growth perspectives in the company’s
core business of the assembly and sale of property portfolios.

Rudolf Beger, lawyer, expert in international tax law and communication,
brings to his new role extensive experience in the real estate business. He
has held several international Executive Positions in global corporations
such as EXXON, General Motors and CITIGROUP. Rudolf Beger is co-founder and
Associate Director Sovereign, Ltd. of ANTORUM International Property Inc.,
an internationally operating real estate broker.

Rainer Schorr, Chief Executive Officer of ESTAVIS AG: 'I am very pleased
that we could win Rudolf Beger who has a compelling track record in the
international property business. With his comprehensive expertise he will
make important contributions to unlock the enormous growth potential of our
business.'

'ESTAVIS offers a great growth story and is very well positioned to benefit
from the potential and dynamics of the German real estate market.' said
Rudolf Beger. 'Especially the high demand of institutional investors for
professionally structured property portfolios in Germany offers excellent
growth opportunities for ESTAVIS.'

About ESTAVIS AG
ESTAVIS AG serves as leading German market maker between private sellers of
individual properties and the institutional real estate market. The
company's portfolio trading operations involve the assessment and purchase
of individual properties throughout Germany, their inclusion in on-demand
structured portfolios and the subsequent sale to international
institutional investors.
ESTAVIS acquires its properties through a broad network, including more
than 200 experienced brokers. By acquiring a majority stake in the
Hamburgische Immobilien Invest AG / CWI Group, ESTAVIS has increased its
access to property acquisitions and has expanded its services in the field
of residential property privatisation.
ESTAVIS AG shares were successfully listed on the Prime Standard of the
Frankfurt Stock Exchange on April 2, 2007. The company grossed Euro 56
million which will be used for the expansion of its business activities.

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

DGAP 11.05.2007

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

End of News DGAP News-Service

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