DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Strategic Company Decision/Real Estate
DEMIRE optimises real estate management - spin-off of property and facility management as of November 2018
Taking this step as part of the planned growth of its portfolio to EUR 2 billion, DEMIRE will rely on a much more flexible and scalable real estate management model in the German commercial real estate market. After implementing external property and facility management, DEMIRE expects annual savings in the low seven-digit range starting in 2019.
Ralf Kind, CEO/CFO of DEMIRE, comments: "In line with our DEMIRE 2.0 strategy, we will turn our internal focus even more towards active asset management. At our real estate locations, we require competent service providers for external property and facility management who are committed to looking after our real estate in a professional and dedicated manner using efficient processes and systems with respect to digitisation. With the globally active STRABAG as our new property management service provider at our side, we are looking forward to a successful cooperation next to high-quality support for our real estate portfolio."
Marko Bohm, Managing Director of Real Estate Management at STRABAG PFS says: "STRABAG PFS has a nationwide presence. With this order, we are increasing the lettable space we manage in Germany by 600,000 m² to over 5.6 million m². We run the entire management on our own system and have completed the account's implementation in the shortest amount of time possible."
Phone: +49 30 28 44 987 65
DEMIRE Deutsche Mittelstand Real Estate AG
Phone: +49 (0) 6103 - 372 49 - 44
Fax: +49 (0) 6103 - 372 49 - 11
About DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE - First in Secondary Locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up-and-coming locations bordering German metropolitan areas. The company's specific forte is its focus on these second-tier cities - its claim being "First in Secondary Locations" - and on a range of assets that appeals to both internationally active and regionally rooted tenants. Having expanded rapidly between 2013 and 2016 both by buying single properties and by acquiring equity interests, DEMIRE held a portfolio with a combined lettable area of around 1 million sqm and a fair market value of more than EUR 1.1 billion by the end of the first nine months of 2018.
The portfolio focus on office, retail and logistics assets results in precisely the kind of risk/reward structure that DEMIRE considers appropriate for the business line of commercial real estate. The Company puts a premium on long-term contracts with solvent tenants in anticipation of stable and sustainable rent revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursues an active property management approach out of the conviction that it is the best way to achieve economies of scale and portfolio optimisations. DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Frankfurt Stock Exchange.
27.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||DEMIRE Deutsche Mittelstand Real Estate AG|
|Robert-Bosch-Straße 11 im 'the eleven'|
|63225 Langen (Hessen)|
|Phone:||+49 6103 37249-0|
|Fax:||+49 6103 37249-11|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|