KWG announces Changes in Management Board

Hamburg - 02 October 2014 -  KWG Kommunale Wohnen AG, a long-term oriented property holding company of residential real estate in which Austrian conwert Immobilien Invest SE holds a 77% majority stake, announces that Torsten P. Hoffmann will resign from his position in amicable mutual agreement with effect of the end of October 2014.

In line with this personnel change the management board of KWG will be adapted and reduced in size. Gabriela Zraunig, former CFO of KWG, will continue to performe her activities as sole Management Board member.

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