ADO Properties S.A.: New Chief Executive Officer appointed
June 21, 2019 at 02:25 pm
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DGAP-News: ADO Properties S.A. / Key word(s): Personnel
ADO Properties S.A.: New Chief Executive Officer appointed
21.06.2019 / 20:19
The issuer is solely responsible for the content of this announcement.
Corporate News
ADO Properties S.A.: New Chief Executive Officer appointed
Berlin, June 21, 2019. ADO Properties S.A. (the "Company") has today appointed Ran Laufer as Chief Executive Officer of the Company. Mr. Laufer will join the Company in his role as CEO commencing on July 23, 2019, and the initial term of his service agreement extends through July 22, 2023.
Mr. Laufer is an experienced and accomplished high-level executive with extensive experience in the real estate sector. He served in the last 18 years in various managerial and senior executive positions in real estate companies in the residential and commercial segments. Mr. Laufer brings to ADO significant experience and knowledge from multi-billion Euro real estate companies. The experience is in management, operations, marketing and establishment of comprehensive IT systems for fast growing real estate companies. Prior positions include Airport City where he served as Chief Marketing and Sales Officer and Grand City Properties where he served as Deputy CEO. Mr. Laufer has been appointed as the Vice Chairman of the Supervisory Board of TLG in May 2019
Moshe Dayan, Chairman of the Board of Directors of the Company, said: We are excited to have Ran as the Company's new CEO. Given his extensive experience in the real estate sector, he is a great addition and perfectly suited to lead the Company in its continuing success."
About ADO Properties
ADO Properties is a company that focuses on the residential real estate sector and owns a property portfolio of around 24,000 units in Berlin. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. The portfolio of ADO Properties is concentrated in central locations inside Berlin's S-Bahn-Circle and in attractive districts on the city's periphery
Contact:
Nicole Müller, Legal Counsel
21.06.2019 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.
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Language:
English
Company:
ADO Properties S.A.
1B Heienhaff
1736 Senningerberg
Luxemburg
Phone:
+352 278 456 710
Fax:
+352 262 634 079
E-mail:
ir@ado.properties
Internet:
www.ado.properties
ISIN:
LU1250154413
WKN:
A14U78
Indices:
SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
Adler Group SA, formerly known as ADO Properties, is a Luxembourg-based real estate company. The Company operates in Germany, in the residential real estate field with approximately 70,000 residential units, and a development pipeline of approximately 10,000 new flats in Germany. The Company focuses on asset and portfolio management, property and facility management and developing residential properties throughout Germany. The Company operates through two business segments: Residential property management and development. Residential property management offers renting and managing residential properties, the management of tenancy agreements and marketing of residential units with the focus on optimization of rental income. The development side of the business splits into build-to-sell projects and build-to-hold projects.