Deutsche Konsum REIT-AG, DE000A14KRD3

Deutsche Konsum REIT-AG, DE000A14KRD3

12.06.2017 - 18:01:02

Deutsche Konsum REIT-AG extends board of directors

Press Release

Deutsche Konsum REIT-AG extends board of directors

Broderstorf, 12 June 2017 - The supervisory board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) appointed Alexander Kroth and Christian Hellmuth as further board members with effect as of 1st July 2017. Mr. Kroth (CIO) will take responsibilities for Investments and Asset Management and Mr. Hellmuth (CFO) will lead Corporate Finance/Accounting and IR. Rolf Elgeti will remain as chairman of the board (CEO).

Mr. Kroth (34) joined Obotritia Capital / Deutsche Konsum in 2014 and built up a profitable property portfolio of around EUR 240 mn since then. He is responsible for property acquisitions as well as for the revitalization of Deutsche Konsum's development assets. Mr. Kroth studied Real Estate Economics at European Business School in Oestrich-Winkel. Before his move to Obotritia he worked at KPMG as a real estate advisor. Mr. Kroth has real estate experience of more than 10 years.

Mr. Hellmuth (37) joined Deutsche Konsum REIT in January 2017 and built up the Finance department of the company. He is in charge of equity and debt transactions and is responsible for accounting/controlling and IR. Before Mr. Hellmuth worked at WCM, Deutsche Wohnen, GSW, Porsche Consulting and PwC and has real estate experience of more than 15 years. Mr. Hellmuth absolved his Business Management studies in Berlin.

Hans-Ulrich Sutter, chairman of the supervisory board of Deutsche Konsum REIT-AG: "With the appointments of Mr. Kroth and Mr. Hellmuth we take account of the rapid growth and increased size of the company. With that step we want to assure a constant and high-quality growth and want to lift Deutsche Konsum REIT to the next level."

Rolf Elgeti, chairman of the board (CEO): "My new colleagues have been driving the company forward quite significantly. Their appointment to the management board reflects their outstanding professional performance. I am looking forward to growing the company further with the now-strengthened team."

For more detailed information about Deutsche Konsum REIT refer to the latest presentation and our website www.deutsche-konsum.de.

Contact:

Deutsche Konsum REIT-AGinfo@deutsche-konsum.de +49 (0) 331 74 00 76 - 517

12.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Deutsche Konsum REIT-AG August-Bebel-Str. 68 14482 Potsdam

Germany Phone: +49 (0)331 740076517 E-mail: ch@deutsche-konsum.de Internet: www.deutsche-konsum.de ISIN: DE000A14KRD3 WKN: A14KRD Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London   End of News DGAP News Service

582429  12.06.2017 

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