EANS-News: Fair Value REIT AG further expands influence in participations

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Company Information/Strategic management decisions

Munich (euro adhoc) - August 4, 2011 - Fair Value REIT AG has taken
over 100% of the shares in the general partners of five real estate
partnerships, two of which are subsidiaries and three are associated
companies. Aside from its already existing voting rights, this allows
Fair Value to further expand its influence on the management of the
companies in question.

Frank Schaich, CEO of Fair Value REIT-AG, explains the reasoning
behind this move: "The previous owners of the general partners were
ready to sell. It was therefore logical for us, as the largest
respective investor in the partnerships, to take responsibility. We
are convinced that our many years of experience in the real estate
markets will also allow us to generate added value for our
participations in the role of the general partner."

Taking into account the real estate owned directly and the voting
rights majorities held in its subsidiaries, this investment increases
Fair Value's direct influence to over 90% of its market-value
weighted portfolio of real estate and participations. This portfolio
currently encompasses 74 commercial real estate properties with a
market value totalling EUR 494 million.

Corporate profile

Fair Value REIT-AG, based in Munich, focuses on the acquisition,
leasing, property management and sale of commercial properties in
Germany. At the core of its investment activities are office and
retail properties in German regional centres. Because of its REIT
status, Fair Value is exempt from corporation and trade tax. In
addition to investing in properties directly, Fair Value also invests
in real estate funds.

Through direct investments and subsidiaries, the Fair Value Group
manages a portfolio of 51 commercial properties with a total leasable
floor space of around 163,000 square metres and a market value as of
December 31, 2010 of around EUR 129 million. (Fair Value's share on
these investments amounted to around EUR 93 million as of March 31,
2011).

In addition, Fair Value REIT-AG holds minority interests in six
closed-end real estate funds with holdings in 23 commercial
properties and a total leasable floor space of around 269 000 square
metres. As of 31 December 2010, the total market value of these
properties was EUR 365 million. (Fair Value's share on these
investments amounted to around EUR 130 million as of March 31, 2011).

As of March 31, 2011, Fair Value's share on the total portfolio
amounted to around EUR 223 million. This represented an occupancy
rate of 93.1% of the achievable rents at full occupancy of EUR 19.6
million per annum. As of March 31, 2011, the weighted remaining term
of the leases was 6.0 years. Around 44% of the potential rent relate
to retail floor space, 42% to office space and 14% to other
facilities.

Further inquiry note:
Fair Value REIT-AG
Frank Schaich
Tel.: 089-9292815-10
Fax: 089-9292815-15
E-mail: schaich@fvreit.de

end of announcement euro adhoc
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company: Fair Value REIT-AG
Leopoldstraße 244
D-80807 München
phone: +49 (0) 89 9292815 01
FAX: +49 (0) 89 9292815 15
mail: info@fvreit.de
WWW: http://www.fvreit.de
sector: Real Estate
ISIN: DE000A0MW975
indexes: CDAX, Classic All Share, Prime All Share, RX REIT All Share Index,
RX REIT Index
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English