Corporate News

24/11/2015 | Corporate News

Fair Value REIT-AG sells four properties in Schleswig-Holstein above book value


Munich, 24 November 2015 – Fair Value REIT-AG (WKN A0MW97) continues its portfolio concentration and sold four properties at a profit, which no longer fitted into the core portfolio. The properties are located in Ellerbek, Leezen, Norderstedt and Quickborn and have been acquired by different private investors. The disposals generated total sales proceeds of approx. 3.78m EUR, which is 6% above the IFRS book values. The transactions are expected to close in December 2015.


Frank Schaich, CEO of Fair Value REIT-AG, comments on the transactions: “We continue our strategic portfolio adjustment and, in this regard, benefit from the demand for disposals of small to medium sized properties at prices that are noticeably above the book value. In line with the corporate strategy, we will use the sales proceeds to turn indirectly held properties into direct ownership.”


Additional information of sold properties:




Lettable area

Sales price

Ellerbek 1)

Pinneberger Strasse 155

356 sqm

350.000 EUR


Hamburger Strasse 40

174 sqm

182.000 EUR

Norderstedt 1)

Ulzburger Strasse 363 d/e

1.340 sqm

1.600.000 EUR


Kieler Strasse 100

1.309 sqm

1.650.000 EUR


1)     Partial ownership




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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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