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DGAP-Adhoc ESTAVIS AG: Andreas Lewandowski Becomes New CEO of Estavis AG

Nachrichtenquelle: EQS Group AG
 |  02.05.2012, 18:39  |  481 Aufrufe  |   | 


ESTAVIS AG  / Key word(s): Change of Personnel

02.05.2012 18:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.





Former Head of Purchasing of TAG to Boost Portfolio Build-up at Estavis

Berlin, 2 May 2012 - The Supervisory Board of Estavis AG has just appointed
Andreas Lewandowski (49) as member of the company´s Executive Board as at
03.05.12. This brings the Board back up to the strength of two members.
Jacopo Mingazzini will remain in charge of the area of retail trading and
privatisations.

Lewandowski will assume responsibility for the company´s continued
portfolio build-up. In his most recent position as Head of Transaction at
TAG Group, he facilitated the expansion of the residential real estate
portfolio from approximately 900 million Euros up to more than 3 billion
Euros.

About ESTAVIS
ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios with great value-added potential, and
uses its management expertise to harness this potential efficiently. The
company´s selling power results from its strong own sales network,
supplemented by the acquisition of the sales company Accentro GmbH. On top
of that, the company maintains a proprietary real estate portfolio that
generates a regular cash-flow.
ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard
of the Frankfurt Stock Exchange (German Securities Code Number [WKN]:
A0KFKB).

Contact
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-mail: ir@estavis.de




Information and Explaination of the Issuer to this News:

Information and Elaboration by the Issuing House on this Ad-hoc Release:

With Lewandowski´s appointment to the Board, the Board´s spheres of
ownership now mirror the increased significance of regular income from
proprietary portfolios.

Dr. Karl-Josef Stöhr, Chairman of the Supervisory Board of Estavis AG,
believes that the recruitment of this new senior executive has strengthened
the business model of Estavis: ´In recent years, Andreas Lewandowski has
proven that he has an eye for interesting investment assets, and that he is
capable of setting up highly profitable portfolios. The underlying
philosophy of generating positive cash-flow from income-driven locations
right from the start perfectly complements our plans to base our business
models on two mainstays.´ It is against this background that Estavis AG
considers the currently low interest level as positive for the company´s
future growth. The bright outlook is further boosted by the fact that
German banks remain willing to provide funding. ´All things considered, we
are looking at an environment that permits us to buy up residential real
estate at attractive yield rates, and thus to build up a highly profitable
company, ´ Stöhr went on to say.

Lewandowski, who holds a degree in mathematics, has been active in the real
estate business for nearly twenty years. His career path has included sales
duties as well as the organisation of efficient structures in real estate
administration, both in executive board and in senior management positions.
Most recently, he facilitated the expansion of the residential real estate
portfolio from approximately 900 million Euros up to more than 3 billion
Euros as Head of Transaction at TAG Group.

02.05.2012 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de




Language:     English
Company:      ESTAVIS AG
              Uhlandstr. 165
              10719 Berlin
              Germany
Phone:        +49 (0)30 - 887 181 - 0
Fax:          +49 (0)30 - 887 181 - 11
E-mail:       info@estavis.de
Internet:     http://www.estavis.de
ISIN:         DE000A0KFKB3
WKN:          A0KFKB
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement                             DGAP News-Service





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