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KWG announces changes in Supervisory Board

05-22-2013 06:13 PM CET | Industry, Real Estate & Construction

Press release from: KWG Kommunale Wohnen AG

Hamburg - 12 April 2013 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, announces changes in the company's Supervisory Board following the acquisition of a majority stake in the company by conwert Immobilien Invest SE. In this context Franz-Josef Gesinn, Thies-Martin Brandt, Bjoern Engholm, Hans-Michael Porwoll und Patrik Zeigherman resigned from the Supervisory Board in mutual agreement. The Supervisory Board's Chairman Prof. Dr. Peer Witten expressed his great gratitude for their commitment and their achievements for the company.

The local court of Hamburg has appointed Johannes Meran, Chairman of the Administrative Board of conwert Immobilien Invest SE, and Stavros Efremidis, Executive Director of conwert Immobilien Invest SE, to the Supervisory Board effective 11 April 2013. Prof. Dr. Peer Witten will remain Chairman of the Supervisory Board.

KWG Kommunale Wohnen AG is a residential property company that does business all over Germany. KWG buys property portfolios and also shares in private and public-sector owners. As a property company that holds a portfolio with a view to long-term ownership, KWG aims to constantly develop and improve the value of its properties through appropriate measures. An important contribution here is made by active asset and construction management with renovation and redevelopment work related to increase of rental income and reduction of vacancy and fluctuation.

Contact

KWG Kommunale Wohnen AG
Jan Hutterer
Alstertor 9
20095 Hamburg
Germany
Tel.: +49/ 40/ 2263088-100
eMail: ir@kwg-ag.de
www.kwg-ag.de

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