17 04 2012

Florian Lanz Steps down as CEO of Estavis AG

Berlin, 17 April 2012 – Florian Lanz has asked the Supervisory Board of Estavis AG to release him from his position as chairman of the company’s board. The reason he quoted for his decision is the wish to focus on proprietary projects in the future. At the request of Estavis, he will remain closely affiliated with the company as advisor.

Said Dr. Karl-Josef Stöhr, Chairman of the Supervisory Board of Estavis AG: “While we deeply regret that Florian Lanz is leaving us, we should like to thank him expressly for the good work he has done since taking the company’s helm in July 2009. Florian Lanz assumed chairmanship of the board in a difficult situation that necessitated a fundamental shift in the company’s strategic focus. More than anyone else, Florian Lanz deserves credit for the fact that Estavis managed to develop a new viable strategy in no time at all, and to breathe life into it just as quickly. Not only the Supervisory Board, but the workforce of Estavis, too, are deeply grateful to him for this achievement. Today, he is leaving a company that has expanded under his leadership into entirely new business areas, such as housing construction or apartment retailing, and that has thereby substantially widened its income basis. His name is moreover associated with several key projects in Berlin in the area of listed property redevelopment. He succeeded in stabilising Estavis AG during a difficult phase, and to successively restore its profitability. We wish Florian Lanz every professional success for the future, and are glad that he will continue to maintain close ties with the company.”

ESTAVIS AG is a listed property company focusing on residential properties. Through its purchasing network, which extends throughout Germany, ESTAVIS AG identifies property portfolios and project developments with great value-added potential and uses its management and development expertise to harness this potential efficiently. The prime objective here is to capitalise dynamically on the values of properties by marketing them as portfolio sales or privatising them for tenants, owner-occupiers or investors. The company’s selling power results from its strong own sales network, supplemented by the acquisition of the sales company Accentro GmbH.

In addition to regular cash flow from the property portfolio acquired, ESTAVIS AG develops its performance from income from property sales. ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (German Securities Code Number [WKN]: A0KFKB).

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