EANS-News: Fair Value REIT-AG sells Sparkasse branch property at a profit

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Company Information/Strategic management decisions

Munich (euro adhoc) - August 9, 2011 - Fair Value REIT-AG has sold a
property in a central commercial location in Rellingen near Hamburg.
The building is currently rented to Sparkasse Südholstein. The sales
price for the property held in part ownership is EUR 675 thousand,
which represents 15.7 times the annual rent. This figure is therefore
around 21% above the market value of around 13 annual rents fixed on
December 31, 2010.

The buyer also purchased the residential part of the property (three
flats) not owned by Fair Value, making him the sole owner of the
building in the future. The transfer of benefits and encumbrances is
due to be concluded by September 30, 2011.

Frank Schaich, CEO of Fair Value REIT-AG, explains: "This sales price
being substantially above the previous market valuation proves the
sustained rise in interest in smaller real estate investments, as
well as the intrinsic value of these properties in the Fair Value
REIT-AG. In addition, this transaction was made in harmony with our
strategy of improving cost structures also by selling smaller
properties and successively increasing the average investment volume
per property."

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