The Grounds Real Estate Development AG announced election of Mr. Timo Tschammler to the Supervisory Board with almost 100% of the votes represented at the Annual General Meeting. Mr. Armin Hofmann was confirmed in his office with almost 100% of the votes. Following the Annual General Meeting, the Supervisory Board reconstituted itself and elected Mr. Tschammler to be Chairman of the Supervisory Board and Mr. Hofmann to be his Deputy.