CONSUS Real Estate AG: CONSUS reaches with the appointment of Andreas Steyer as COO and Boris Tramm as Head of Investor Relations an important milestone of its growth strategy

CONSUS reaches with the appointment of Andreas Steyer as COO and Boris Tramm as Head of Investor Relations an important milestone of its growth strategy

Berlin, 9 January 2018 - CONSUS Real Estate AG ("CONSUS", ISIN DE000A2DA414) reaches with the appointment of two executive position an important milestone of its growth strategy.

Andreas Steyer has been appointed as member of the Executive Board and COO as of 1 January 2018 with responsibilities for the group's property management, asset management and real estate strategy. Steyer has more than 25 years of leadership experience in the real estate sector. As CEO of DEMIRE Deutsche Mittelstand Real Estate AG he was responsible for the expansion of the asset base to more than EUR 1 billion forming a Prime Standard listed pure play real estate group and a successfully combining the buy-to-hold strategy with an efficient and active asset management platform. Previously he was Head of Real Estate at Österreichische Volksbanken AG (ÖVAG), Managing Director of Deka Immobilien Investment GmbH and a partner at Ernst & Young Real Estate.

Andreas Steyer will lead the expansion of the group's internal, value driven asset management platform. The CONSUS group currently owns 20 offices with a total GAV of EUR 508 million in the segment of commercial buy-to-hold assets. This asset generates an annualized net rental income of around EUR 28 million with strong recurring FFO.

In order to strengthen the capital markets and investor communication for the dynamically expanding CONSUS group Boris Tramm was appointed as head of Investor Relations and Capital markets as of 1 January 2018. Tramm has more than 12 years of capital markets experience for German listed companies and was among others responsible for the public listing and investor relations of OSRAM Licht AG and Rhön-Klinikum AG.

Norbert Kickum, CEO of CONSUS: "With the expansion of our executive team through the appointment of highly experienced real estate expert Andreas Steyer as COO and capital markets expert Boris Tramm we have further invested in our platform to achieve the clear growth targets as uniquely integrated German real estate group. The expansion of a group-internal, efficient asset management under the leadership of Andreas Steyer will further drive our ROCE and FFO targets. However, based on the ongoing strong demand in the German residential rental market, we will continue our focus on strengthening the leading position of CONSUS as residential developer."

About CONSUS Real Estate AG

Listed CONSUS Real Estate AG ("CONSUS") headquartered in Berlin is the leading German residential developer in the 9 largest German cities. CONSUS' business model is characterized by a large proportion of forward sales as well using digitalization and industrial manufacturing along the entire value chain. The core development business is complemented by a buy-to-hold commercial asset portfolio with strong recurring rental income.

Press Contacts

Boris Tramm
Head of IR/Capital Markets
CONSUS Real Estate AG
E-mail: b.tramm@consus.ag
Telefon: +49 171 840 2220

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