Langen, 18. January 2018 - DEMIRE's key participation Fair Value REIT-AG, in which DEMIREDeutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) currently holds 77.7 % of the voting rights, today announced that it has successfully completed the termination of its approximately 25-percent minority interest in the BBVImmobilien-Fonds Nr. 9 fund announced effective 31 December 2013 by the end of 2017. The final repayment of the predetermined settlement balance of approximately EUR10 million was received ahead of schedule at the end of 2017. Fair Value REIT-AG used these funds to repay loans of EUR7 million ahead of schedule. This leaves an additional approximately EUR3 million available for investments. The average cost of the loan was 4 percent, with the loan originally scheduled to run until February 2019. The loan was repaid without additional penalties for early repayment.

In addition to the now completed termination of the investment in BBVImmobilien-Fonds Nr. 9, the sale and acquisition of properties from Immobilien-Fonds IC 7 and BBVImmobilien-Fonds Nr. 6 during the 2017 financial year have laid the foundations for terminating and liquidating these investments in the future. Fair Value REIT-AG is thereby pursuing its strategic objective of selling and/or taking direct ownership of indirectly held properties and streamlining the structure of the company in addition to continuing to increase its shareholdings in investment companies.

DEMIRE Deutsche Mittelstand Real Estate AG published this content on 18 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 January 2018 06:34:02 UTC.

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