Brief: DEMIRE Optimises Real Estate Management: Spin-Off Of Property And Facility Management As Of Nov. 2018

Demire Deutsche Mittelstand Real Estate AG

27/11/2018 06:33

Nov 27 (Reuters) - Demire Deutsche Mittelstand Real Estate AG  DMRE.DE :
    * DGAP-NEWS: DEMIRE OPTIMISES REAL ESTATE MANAGEMENT - SPIN-OFF OF PROPERTY AND FACILITY
MANAGEMENT AS OF NOVEMBER 2018
    * FURTHER OPTIMISATION OF REAL ESTATE MANAGEMENT PLATFORM TAKING PLACE UNDER DEMIRE 2.0
STRATEGY
    * COMPLETE SPIN-OFF OF FACILITY MANAGEMENT ACTIVITIES THROUGH SALE OF INTEREST IN PRAEDIA
GMBH
    * PLAN IN PLACE TO FURTHER STRENGTHEN INTERNAL ASSET MANAGEMENT
    * SPIN-OFF TO GENERATE SUSTAINABLE COST SAVINGS FOR DEMIRE
    * EXPECTS ANNUAL SAVINGS IN LOW SEVEN-DIGIT RANGE STARTING IN 2019

Source text for Eikon:  ID:nEQ3tLwZ3a 
Further company coverage:  DMRE.DE 

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