Core Insights - Ralf Bongers will step down from his position at DEMIRE Deutsche Mittelstand Real Estate AG on 31 March 2026, as he seeks new professional challenges, but will continue as a senior advisor after his departure [1][3] Group 1: Management Changes - Ralf Bongers has been instrumental in securing lease agreements and real estate transactions totaling approximately EUR 240 million, contributing significantly to the stabilization of DEMIRE [2] - Dr Matthias Prochaska, Chairman of the Supervisory Board, acknowledged Bongers' contributions and expressed gratitude for his work during challenging times [3] - Dr Rüffel will assume the responsibilities previously held by Bongers starting 1 April 2026, alongside Tim Brückner on the Executive Board [3] Group 2: Company Overview - DEMIRE Deutsche Mittelstand Real Estate AG focuses on acquiring and holding commercial properties in medium-sized cities and emerging peripheral locations in metropolitan areas across Germany [4] - As of 30 September 2025, DEMIRE's real estate portfolio consists of 46 properties with a lettable area of approximately 573,000 square meters, and a market value of around EUR 0.9 billion [4] - The company emphasizes long-term contracts with reliable tenants and aims for stable rental income and solid value growth, with plans to significantly expand its portfolio in the medium term [5]

Group 1 - Markus Hofmann will resign from the Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG and his position as Chairman effective September 15, 2025 [1] - Hofmann has been a member of the board since early 2023 and took over as Chairman in the same year [1] - The Management Board and Supervisory Board expressed gratitude for Hofmann's commitment and leadership during his tenure [2] Group 2 - DEMIRE Deutsche Mittelstand Real Estate AG focuses on acquiring and holding commercial properties in medium-sized cities and emerging peripheral locations in metropolitan areas across Germany [3] - As of June 30, 2025, DEMIRE's real estate portfolio consists of 48 properties with a lettable area of approximately 582,000 square meters, with a market value of around EUR 0.9 billion [3] - The company's portfolio emphasizes office properties, supplemented by retail and hotel properties, aiming for stable rental income and solid value growth [4] Group 3 - DEMIRE plans to significantly expand its portfolio 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 [4] - The company is committed to improving operational performance through active asset and portfolio management, alongside maintaining cost discipline [4] - DEMIRE's shares are listed in the Prime Standard of the German Stock Exchange in Frankfurt [5]

Core Insights - Vornado Realty Trust (VNO) is set to acquire the 623 Fifth Avenue office condominium for $218 million, aiming to reposition and redevelop the 75% vacant property into a Class A boutique office building to meet the demand for quality office spaces [1][8] - The property is a 36-story building with 382,500 rentable square feet, located above Saks Fifth Avenue, offering views of Midtown landmarks [2] - The acquisition is expected to close in September 2025, with redevelopment completion targeted for 2027 [3] Company Overview - Vornado owns a portfolio of high-quality office properties in major markets such as New York, Chicago, and San Francisco, benefiting from job growth and expansion in technology, financial, and media sectors [4] - In 2024, VNO completed 18 premium transactions in New York, totaling 1.36 million square feet, aligning with its strategy to expand market share in the New York office market [5] - Recently, VNO's shares have declined by 2.9%, contrasting with a 1.1% rise in the industry [5]