Corporate | 7 October 2008 17:32
CR Capital Real Estate AG / Change of Personnel Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Thomas Ehrich extends Board of Management of CEO Niklas Helmreich As CFO Ehrich is responsible for Finances Berlin, Germany 7 October 2008: CR Capital Real Estate AG, with its primary focus on the purchasing, restoring and modernising and then selling on high-quality residential and commercial real estate in the Berlin metropolitan area, announces that it has strengthened its Board of Management. In the context of listing CR Capital Real Estate AG on 1 October, the Board of Management has been extended to two persons. In addition to the CEO, Niklas Helmreich, Thomas Ehrich as CFO has been responsible for Finances and Capital Markets since 1 October. He was appointed by the Supervisory Board for a period of three years. Most recently Thomas Ehrich held an executive position at DKB Immobilien AG in Berlin and Potsdam. 'Particularly due to his marketing experience and real estate expertise – especially in the Berlin metropolitan area – he will supplement the existing Board of Management in an ideal fashion. With the company’s equity position of EUR 15 million, the medium-term expansion plans and the demands of the capital markets, we see ourselves very well positioned in having a second member of the Board of Management,' stated Stefan Krach, Chairman of the CR Capital Real Estate AG Supervisory Board. The Board of Management About CR Capital Real Estate AG: The CR Capital Real Estate AG business model covers chiefly the purchase, restoration and modernisation and subsequent resale of high-quality residential and commercial real estate in the Berlin metropolitan area. With extensive modernisation expertise and a wealth of experience from modernising some 3,000 residential units, new value can be created – at the same time maintaining existing traditions of historical buildings – retaining tradition & creating new value. In additional, scaleable rental income is generated from the properties in the portfolio – in some cases with rental guarantees of many years. Since October 2008, CR Capital Real Estate AG has been listed in the Open Market of the Frankfurt Stock Exchange. Company contact: CR Capital Real Estate AG Hubertusallee 73 14193 Berlin www.capital-real-estate-ag.de Phone: 030 / 89 72 72 48 Fax: 030 / 89 72 73 03 info@capital-real-estate-ag.de Investor Relations Contact: GFEI Gesellschaft für Effekteninformationen mbH Carl Bosch Haus Hamburger Allee 26-28 60486 Frankfurt am Main Phone: +49 (0)69 - 743 037 - 00 Fax: +49 (0)69 - 743 037 - 22 www.gfei.de cr-capital-real-estate@gfei.de 07.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------