Group 1: Company Leadership - Dr Matthias Prochaska has been appointed as the new Chairman of the Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG, effective from 26 September 2025 [1] - Dr Prochaska has over 15 years of experience in private equity and real estate, and has been the Executive Director at the Lapithus Management Group since 2020 [2] Group 2: Company Strategy and Market Position - Dr Prochaska expressed optimism about advancing DEMIRE's development in a challenging market, focusing on increasing profitability and reducing the debt ratio [3] - DEMIRE specializes in acquiring and holding commercial properties in medium-sized cities and peripheral locations in metropolitan areas across Germany, with a portfolio of 48 properties and a market value of approximately EUR 0.9 billion as of 30 June 2025 [5][6] - The company aims to expand its portfolio significantly in the medium term, focusing on assets with strong funds from operations (FFO) potential while strategically selling properties that do not align with its strategy [6]
DEMIRE: Dr Matthias Prochaska appointed new Chairman of the Supervisory Board
Globenewswire·2025-10-02 11:18