13 11 2007

ESTAVIS expands property and asset management activities

Berlin, November 13, 2007 - ESTAVIS AG, Berlin, is expanding its property and asset management activities. From now onwards, the services in these segments will not only be offered to portfolio investors of the ESTAVIS Group but also in the framework of service mandates to third parties. The Group´s activities in this segment will be focused in the newly founded ESTAVIS Property Management GmbH, Halle. The company meanwhile comprises 22 employees and currently manages 2,700 units.

In the segment portfolio trading, ESTAVIS Group acts as a market maker between private sellers of individual objects and the institutional property market. Individual properties are acquired throughout Germany according to the demands of institutional investors, refurbished if necessary or put in a condition suitable for investment, and then assembled into portfolios corresponding to investor requirements.

Among the buyers of these portfolios are institutional property investors as well as financial investors who want to become active on the property market. "The buyers of our portfolios need a professional property and asset management following the purchase. By offering these services to them, we offer an added value far beyond the actual transaction," said Rainer Schorr, CEO of ESTAVIS AG.

ESTAVIS AG (ISIN: DE000A0KFKB3) serves as leading German market maker between private sellers of individual properties and the institutional real estate market. The company's portfolio trading operations involve the assessment and purchase of individual properties throughout Germany, their inclusion in on-demand structured portfolios and the subsequent sale to international institutional investors. ESTAVIS acquires its properties through a broad network, including more than 500 experienced brokers.
In addition, the ESTAVIS Group is one of the leading suppliers in the apartment privatisation market with an expected volume of more than 1,000 single residential units sold in the current financial year. By acquiring the B&V Bauträger- und Vertriebsgesellschaft für Immobilien mbH, Berlin in October 2007, ESTAVIS AG has significantly strengthened its position in this growing property market segment.

ESTAVIS AG shares were successfully listed on the Prime Standard of the Frankfurt Stock Exchange on April 2, 2007. The company grossed Euro 56 million which will be used for the expansion of its business activities.