Corporate News

13/07/2012 | Corporate News

Supervisory Board extends Management Board mandate of Frank Schaich by another four years


Munich, July 13, 2012 – The Supervisory Board of Fair Value REIT-AG has extended the contract of the sole Management Board member Frank Schaich by a further four years up to September 30, 2016. This extension underlines the successful work of the Management Board and ensures continuity at the head of the company.


“Since its foundation in 2007, Mr. Schaich has had a substantial influence on the development of Fair Value REIT-AG and he has successfully guided the company as sole Management Board member through some difficult capital market conditions over the past couple of years,” explains Supervisory Board Chairman Prof. Dr. Heinz Rehkugler. “We look forward to continuing the company’s successful development together.”




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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