Fair Value REIT-AG, based in Munich, is one of only two REITs that have been established in Germany since the G-REIT legislation was introduced in June 2007. As we know, the intervening period has been characterised by turbulent times for listed property companies. Editor Richard Fleming spoke recently with Fair Value’s CEO Frank Schaich about the company’s aims and objectives and about how he sees events in the wider real estate world unfolding.