Project developer DIEAG sets course for growth and expands Management and Supervisory Board

• Co-founder Martin Rasch joins the Management Board as CFO
• Dr Günter Brinkhoff confirmed in his position as Chairman of the Supervisory Board
• Oliver Bortz and Jürgen Bischoff newly elected to the Supervisory Board
• Current project development volume rises to approx. €2.5 billion

DIE Deutsche Immobilien Entwicklungs AG (DIEAG) is continuing its growth course by recruiting additional staff and expanding its Management and Supervisory Boards. At its Annual General Meeting, DIEAG’s shareholders elected Oliver Bortz (57) and Jürgen Bischoff (77) as new members of the Supervisory Board. At the same time, Dr Günter Brinkhoff (74) was confirmed as Chairman of the Supervisory Board.

DIEAG’s Executive Board has also been expanded and given a new structure. Mr Martin Rasch (60) will be responsible for finance as CFO. Mr Thomas Mohr (56) will be in charge of day-to-day operations (COO), and Robert Sprajcar (48) has been appointed CEO. With a project volume of around € 2.5 billion, DIEAG is one of the leading real estate project developers and asset managers in the German-speaking region.

Thomas Mohr, founding partner and COO of DIEAG, states: “I am delighted that Martin Rasch will be contributing his many years of expertise to our day-to-day business. This will enable us to continue our growth even in a difficult market situation.” Mohr adds: “In order to achieve our growth targets, we will also be recruiting additional staff in the areas of project development, letting, asset management, and public relations in the coming months. DIEAG CEO Robert Sprajcar explains: “With our project volume of around €2.5 billion, we need to utilise the full range of financing instruments available in the current market. In addition to traditional financing, DIEAG also uses other options. Apart from establishing fund structures, we also set up joint ventures or act as pure service developers for investors.”

The expansion of the Supervisory Board is also due to the company’s growth. With Oliver Bortz and Jürgen Bischoff, DIEAG will have two experienced real estate players at its side.

Oliver Bortz is an experienced senior banker who worked for many years as a Managing Director of Deutsche Bank AG and as Chairman of the Board of Berliner Bank. He has extensive experience in advising medium-sized companies on their strategic direction and in the area of corporate finance. He is a member of various advisory and supervisory boards.

Jürgen Bischoff is an experienced Senior Management Consultant with a focus on project development and real estate investment, and has held various management positions in the real estate industry since 1973. He was a member of the German Management Board of the international property group Hines, founded Bischoff & Compagnons in 1996, and in 2012 founded OVG Bischoff as a joint venture with OVG Real Estate.

Dr Günter Brinkhoff, Chairman of DIEAG’s Supervisory Board, comments: “I am delighted to welcome Oliver Bortz and Jürgen Bischoff, two proven real estate experts with many years of experience, to our Supervisory Board. Especially in the current market situation, it is important to make the right decisions in order to secure DIEAG’s long-term and sustainable growth course.”

DIEAG’s current projects include the BE-U | Behrens-Ufer development in Berlin-Oberschöneweide. A total of 235,000 sqm of rental space for companies will be created in historic and new buildings on the approximately ten-hectare former industrial site. DIEAG is also developing the new Equalizer office building with around 13,000 sqm of lettable space in a central location in Berlin’s City-West district near Ku’damm. Another current development is the Mizar Gate office and hotel complex at BER in Schönefeld near Berlin with around 19,000 sqm of commercial space, of which the international hotel group NOVUM Hospitality has leased a total of 12,400 sqm on a long-term basis.