Colonia Real Estate AG / Change of Personnel
14.04.2010 10:14
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Friedrich Thiele will leave the Management Board of Colonia Real Estate AG
by mutual agreement
Cologne, April 14, 2010 - Colonia Real Estate AG (ISIN: DE0006338007; SIN:
633800) announces that Friedrich Thiele, the member of the Management Board
responsible for real estate, is to leave the company as of April 30, 2010.
By mutual agreement, Mr. Thiele's contract, which is due to expire in the
third quarter of 2010, was not extended.
Initially as head of commercial real estate and from September 2008 as
member of the Management Board of Colonia Real Estate AG, he played a key
role in establishing the CRE Group's orientation. Following initiation of
the strategic realignment of the CRE Group's services area, Friedrich
Thiele has decided to apply himself to new tasks in the real estate
industry.
The Supervisory Board thanks Friedrich Thiele for his work and his
commitment to the CRE Group. CEO Stephan Rind will take over Mr. Thiele's
duties on the Management Board of Colonia Real Estate AG. The Supervisory
Board will decide on a possible successor to Mr. Thiele in due time. During
the discussions, the Management Board contract of the CFO, Volker Lemke,
was extended by a further three years to September 2013.
About Colonia Real Estate AG
CRE AG is one of the leading listed real estate investment and management
groups in Germany with round about 19,000 residential units and EUR 2.1 bn
Assets under Management.
The CRE business model is based on two columns - the investment and service
segment. The investment segment concentrates on high-yield residential
property portfolios held for the company's account and opportunistic real
estate co- investments in commercial and residential properties together
with institutional partners. The service segment comprises our CRE Asset
Management and Residential Property Resale division. CRE Asset Management
is specialized in tailor-made solutions and the sustainable repositioning
of complex residential and commercial real estate portfolios. The focus is
on yield optimization and realizing long-term appreciation potential.
Management Borad
Cologne, April 14, 2010
Colonia Real Estate AG
ZeppelinstraÃe 4-8
D - 50677 Cologne
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE0006338007
SIN: 633800
Contakt
Claudia Kellert
Head of Investor Relations & Kommunikation
ZeppelinstraÃe 4-8, 50667 Cologne, Germany
Tel +49. (0)221. 71 60 71-0, Fax +49. (0)221. 71 60 71-99
ir@cre.ag
Contact:
Claudia Kellert
Head of Investor Relations and Communication
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany
Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: ir@cre.ag
edicto GmbH
Axel Mühlhaus
Phone +49 (0)69 90 55 05 52
E-Mail: amuehlhaus@edicto.de
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Language: English
Company: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln
Deutschland
Phone: +49 221-716071-0
Fax: +49 221-716071-99
E-mail: ir@cre.ag
Internet: www.cre.ag
ISIN: DE0006338007
WKN: 633800
Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
NAREIT, E&G DIMAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Colonia Real Estate AG: Friedrich Thiele will leave the Management Board of Colonia Real Estate AG by mutual agreement
| Source: EQS Group AG