German listed property firm Fair Value REIT has announced it has appointed Ralf Kind, the head of its parent company Demire, as new CEO.

image manager gross quer ralf kind 2

Image Manager Gross Quer Ralf Kind 2

Demire holds the majority of Fair Value REIT's share capital as well as 77.7% of the voting rights.

Ralf Kind will take a post on the management board of Fair Value REIT alongside Patrick Kaiser, who has been a management board member of Fair Value REIT since November 2016.

German listed office landlord Demire took control of Fair Value REIT in November 2015 in a deal which received backing from Fair Value REIT's core shareholders at the time, Obotritia Capital and Kienzle Vermoegensverwaltung.