The Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG announced that Markus Drews will resign early as of 31 December 2017 from his position as Speaker and Member of the Executive Board (CEO). Markus Drews' Executive Board responsibilities, particularly those related to the transaction business, will be assumed by Executive Board member Ralf Kind (CFO) with immediate effect. Mr. Kind will continue to drive forward the implementation of the DEMIRE 2.0 strategic plan, which has already achieved its first milestones in recent months through the successful refinancing in the capital market of high-interest liabilities with an unsecured rated bond.

This will lead to a significant and sustainable increase in DEMIRE's profitability going forward.