Corporate News

20/09/2012 | Corporate News

Fair Value REIT-AG sells a mixed-use-property in Pinneberg at a profit


Munich, September 20, 2012 – Fair Value REIT-AG is selling a mixed-use-property in Pinneberg for EUR 0.7 million as of the transfer date November 1, 2012. The main tenant of the fully leased property is Sparkasse Südholstein. The agreed purchase price is 11% higher than the market valuation as of December 31, 2011. 


Frank Schaich, CEO of Fair Value REIT-AG, commented on the sale: “At the start of 2012, we declared that we are aiming to make the most of the tangible increase in demand from investors by selling smaller properties as part of our portfolio management efforts. After selling three properties at a profit to date, we have now taken another step in the right direction with the latest transaction.”


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A REIT – Higher Return for Investors

REIT stands for Real Estate Investment Trust. The assets of these listed companies in Germany consist mainly of real estate and investments in other real estate companies.


At the international level, REITs have been established for many years. On 1 January 2007, they were introduced in Germany as well.


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Fair Value REIT-AG