Due to different opinions regarding the future business strategy of TLG Immobilien AG, the two members of its Management Board Peter Finkbeiner and Niclas Karoff and the Supervisory Board have mutually agreed to terminate their collaboration with effect from October 31, 2018. They will be succeeded by Gerald Klinck as Chief Financial Officer and Jürgen Overath as Chief Operating Officer. In order to ensure an optimal transfer of business, they will start in their new positions on September 17, 2018.