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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  |  569 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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