29.12.2005 13:57:00
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Colonia Real Estate AG: Appointing New Member of the Management Board; Edgar Krauss to Become New Member of Management Board of Colonia Real Estate
Colonia Real Estate AG
Hohenstaufenring 48-54
50674 Koln
Deutschland
ISIN: DE0006338007
WKN: 633800
Listed: Amtlicher Markt in Berlin-Bremen, Dusseldorf und Frankfurt
(General Standard); Freiverkehr in Hamburg, Munchen und Stuttgart
Issuer's information/explanatory remarks concerning this ad hocannouncement:
With the appointment of Edgar Krauss as new member of themanagement board in charge of real estate operations, Colonia RealEstate AG gains an experienced and highly skilled real estate andfinancing expert who will contribute to the company's furtherexpansion in the years to come. In addition to 15 years of experiencein corporate and real estate financing, Edgar Krauss has extensive anddetailed knowledge of the German real estate market and awell-developed network of contacts in all areas of the market. "I amlooking forward to the challenge of my new task and will dedicate allmy energy and experience to making Colonia Real Estate AG the marketleader in opportunistic investments in Germany," Edgar Krausscommented his decision. With the appointment of Edgar Krauss in themanagement board and Christian Grosch resignation the restructuring ofthe company's executive board has been completed.
About Colonia Real Estate AG
Colonia Real Estate AG is one of the leading German Real EstateInvestment Companies focusing on the acquisition and the assetmanagement of undervalued or distressed Real Estate. The opportunisticinvestment approach targets high yield investments mainly in Germany.
Forward Looking Statements
This news release contains forward looking statements based oncurrent assumptions and forecasts made by Colonia Real Estate Groupmanagement. Various know and unknown risks, uncertainties and otherfactors could lead to material differences between the actual futureresults, financial situation, development or performance of thecompany and the estimates given here. The company assumes no liabilitywhatsoever to update these forward-looking statements or to conformthem to future events or developments.
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Colonia Real Estate AG | 6,70 | 1,52% |
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SDAX | 13 565,88 | 0,27% | |
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