DGAP-News: Instone Real Estate Group AG / Key word(s): Personnel/Real Estate
Instone Real Estate Group AG: Thomas Hegel and Dietmar P. Binkowska appointed to the supervisory board
- Local Court in Essen approves the management board's motion following the departure of Stefan Mohr and Richard Wartenberg
- Supervisory board now complete again
By appointing Thomas Hegel and Dietmar P. Binkowska, proven real estate experts with deep experience in the capital markets, the Local Court Essen has now approved a motion of the management board, which is also fully supported by the company's supervisory board.
Thomas Hegel has been chairman of the management board of LEG Immobilien AG since 2013 and will continue to fulfil this mandate until the end of May 2019. Prior to his appointment as chairman of the management board, he served as spokesman of the management board and as managing director of LEG NRW GmbH. Before that, Hegel for several years was a managing director at Corpus Asset Wohnen GmbH, where his focus was on real estate management.
Dietmar P. Binkowska is an independent management consultant and was chairman at IVG Immobilien AG from 2015 to 2017, and chairman of its supervisory board from 2014 to 2015. Previously, he served for six years as chairman of the board of NRW.Bank. Further positions in his more than thirty-year career in the banking sector included Commerzbank AG, HypoVereinsbank AG, Sparkasse KölnBonn and Deutsche Bank AG. "With Thomas Hegel and Dietmar P. Binkowska, Instone Real Estate's supervisory board has gained two experienced specialists with years of supervisory board experience. With their expertise in the German residential real estate sector and their reputation in the international capital markets, they will perfectly support Instone's course of growth", says Stefan Brendgen, chairman of the supervisory board of Instone Real Estate Group AG.
As a result of the appointment of the two new members, the supervisory board is now complete again with five members, in compliance with the Articles of Association. In accordance with the recommendation of the German Corporate Governance Code, the appointment of Thomas Hegel and Dietmar P. Binkowska as members of the supervisory board is limited to the end of the company's upcoming annual general meeting in June 2019. It is intended to propose the confirmation of Thomas Hegel and Dietmar P. Binkowska in their positions to the annual general meeting.
Thomas Hegel: "Instone Real Estate is one of the most exciting project developers in the German residential property market and I am pleased to be able to contribute my expertise in constructive cooperation with the colleagues on the supervisory board and with the management board."
Dietmar P. Binkowska: "Instone Real Estate is a very well-positioned company with an impressive residential development pipeline and experienced management. I consider the appointment to this company's supervisory board a responsibility as well as an honourable task, which I am looking forward to very much."
About Instone Real Estate (IRE)
Instone Real Estate is one of Germany's leading residential developers and is listed in the Prime Standard on the Frankfurt Stock Exchange. The company develops attractive residential and multi-family buildings as well as publicly subsidized housing, designs modern urban quarters and refurbishes listed buildings for residential use. Buyers are mainly owner-occupiers, private investors and institutional investors. In 28 years, Instone Real Estate has successfully developed more than one million square metres. More than 310 employees work at eight locations nationwide. As of 31 December 2018, Instone Real Estate's project portfolio comprised 45 development projects with an expected total sales volume of roughly EUR 4.8 billion and more than 11,000 units.
|Company:||Instone Real Estate Group AG|
|Phone:||+49 201 453 550|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||799713|
|End of News||DGAP News Service|