Deutsche Annington Immobilien SE / Key word(s): Real Estate/Change of Personnel
31.07.2014 / 07:05
Change in the Supervisory Board of Deutsche Annington Immobilien SE
Bochum, 31 July 2014. Manuela Better, Lutz Basse, Dr Florian Funck and Christian Ulbrich are to be appointed to the supervisory body of the listed real estate group Deutsche Annington Immobilien SE (ISIN DE000A1ML7J1; Frankfurt Stock Exchange, Prime Standard).
The Chairman of the Supervisory Board of Deutsche Annington, Dr Wulf H. Bernotat, explains: 'I'm extremely happy that, in Manuela Better, Lutz Basse, Dr Funck and Christian Ulbrich, we've been able to acquire proven and experienced industry experts for the Supervisory Board of Deutsche Annington. With the new and current members, we have personalities in the Supervisory Board who will drive forward Deutsche Annington's development and provide new stimulus. I am very much looking forward to an engaged and trusting collaboration.'
Manuela Better (53) is the former CEO of Hypo Real Estate (HRE) as well as a former member of the board of directors the division of the Deutsche Pfandbrief AG (pbb). She was in charge of real estate analysis, marketing and rental. Better was responsible for risk management at Hypo Real Estate (HRE) for many years and has comprehensive expertise in real estate valuation. Better is also a member of the supervisory board of the AXA Konzern AG as well as the Deutsche EuroShop AG.
As CEO of SAGA Siedlungs-Aktiengesellschaft Hamburg and spokesperson of the Board of Directors of GWG Gesellschaft für Wohnen und Bauen mbH, Lutz Basse (64) is a proven expert of many years' experience in the German housing industry. His responsibilities focus on value-oriented real estate management based on a high level of customer satisfaction, neighbourhood-focused district development concepts and appropriate rents as a precondition for full occupancy and sustainable economic success. Basse has additional supervisory roles in companies in the real estate and service industries. Besides that he is also active in housing industry associations.
Dr Florian Funck (43) has been a member of the Executive Board at Franz Haniel & Cie. GmbH since 2011. In this role, he manages the areas of controlling, accounting, taxes, finances and general services. The achievment of the placement of a Eurobond by Franz Haniel & Cie. GmbH and the optimisation of the maturity profile happened under his direction. He was also responsible for the significant reduction in Haniel's net financial liabilities. Dr Funck is also represented on the Supervisory Board of Metro AG and TAKKT AG.
Christian Ulbrich (48) is CEO of Jones Lang LaSalle EMEA (Europe, Middle East and Africa). He is also a member of the Executive Board of Jones Lang LaSalle Inc., which is listed on the New York Stock Exchange. Ulbrich has an outstanding level of expert knowledge and a broad network within the German and global real estate industry and its capital markets.
Upon their legal appointment, the new Supervisory Board members follow Robert Nicolas Barr, Arjan Breure, Fraser Duncan and Tim Pryce, who will step down from office as representatives of the former major shareholder, Terra Firma, on August 20, 2014. Dr Bernotat concluded: 'I would like to thank the representatives of Terra Firma for their active support in recent months as well as for their contribution to the expansion and growth of the company.'
About Deutsche Annington
Deutsche Annington is Germany's largest private-sector residential real estate company both in terms of portfolio value and the number of units owned. As at June 30, 2014, Deutsche Annington owned some 185,000 residential units worth a total of EUR 11.4 billion. The company is present throughout Germany. Deutsche Annington has its headquarters in Dusseldorf and employs more than 3,250 people.
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
Common Code: 094567408
Registered office of Deutsche Annington: Münsterstrasse 248, 40470 Düsseldorf, Germany
Business address of Deutsche Annington: Philippstrasse 3, 44803 Bochum, Germany
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Phone: +49 234 314 1149