Franconofurt Ag announced that the supervisory board has appointed Mr. Christian Wolf to the executive board as of January 2012 where he will be executive board member together with current board member Mr. Metehan Sen. Based on the successful fourth quarter and promising indications as of January /February 2012 the company expects to report a profitable year 2012 especially when taking into account the current Euro-uncertainty and low interest rate environment which increases demand for multi-tenant apartments.