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