Company Leadership Change - Frank Nickel has resigned from his position as a member of the Executive Board of DEMIRE Deutsche Mittelstand Real Estate AG to pursue other challenges in a difficult market environment [1] - Dr Dirk Rüffel has been appointed as the new Chairman of the Management Board, effective from 1 February 2026 [2] Leadership Background - Dr Rüffel is a German lawyer with extensive national and international experience in real estate and asset management, previously serving as managing director at Lapithus Management GmbH and Cerberus [3] 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 thousand square meters, and a market value of around EUR 0.9 billion [4] Portfolio Strategy - The company's portfolio emphasizes office properties, supplemented by retail and hotel properties, aligning with the risk/return structure of the commercial property segment [5] - DEMIRE 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 [5] - The company is committed to improving operational performance through active asset and portfolio management, alongside maintaining cost discipline [5]