GSW Immobilien AG

EANS-News: GSW Immobilien AG
Dr. Bernd Kottmann to become new head of GSW

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Board of Directors (Appointments and Changes)

Berlin (euro adhoc) - Dr Bernd Kottmann to become new head of GSW

    - Long-time MDax chairman to manage GSW
    - GSW plans to use market momentum for long-term growth
    - Thomas Zinnöcker leaving GSW at his own request as announced

Berlin, 18 March 2013. Berliner residential property specialist  GSW  Immobilien
AG is setting the course for long-term, dynamic company growth. To this end,  it
has appointed experienced real estate and MDax expert Dr Bernd Kottmann (55)  as
its new CEO effective 16 April 2013. In his career, Kottmann has handled a  real
estate transaction volume of more than EUR10 billion in numerous asset  and 
deals. He has more than 25 years of experience as  a  Board  of  Management  and
Supervisory Board member for stock-listed real estate companies.

The current CEO, Thomas Zinnöcker, is leaving the company  at  his  own  request
effective 15 April 2013 to explore new career ambitions. GSW had  announced  his
intentions in an ad hoc press release dated 11 March 2013.

Both personnel measures were approved during an extraordinary meeting  of  GSW's
Supervisory Board held today.

"In the last eight years, Mr Zinnöcker has  transformed  GSW  from  a  municipal
enterprise to a private equity holding company  to  a  profitable  MDax  company
with lean management. He  has  put  together  an  experienced  and  professional
management team that is well suited for the opportunities and challenges of  the
future even after his departure. The Supervisory Board sincerely thanks him  for
this", noted Supervisory Board Chairman Dr Eckart John von Freyend.

GSW will continue to follow its strategic course to growth under  the  new  CEO.
During his term as Board of Management member at  IVG  Immobilien  AG,  Kottmann
served as a COO for the real estate business and as the CFO of an MDax  company.
There he was primarily in charge of  establishing  IVG's  European  real  estate
portfolio. He acquired and integrated two northern  European  stock-listed  real
estate companies into the IVG Group. He also took the  lead  in  the  successful
acquisition of the cavern business from the Federal Republic of Germany.

Prior to that, he first served as member of the Board of Management at  Harpener
AG, Dortmund,  in  charge  of  socially  responsible  tenant  privatisation  for
apartments and  property  development  for  new  apartment  construction.  After
Harpener AG he was managing director of Deutsche Babcock Bau  GmbH,  Oberhausen;
at the same time he was the Board of Management  member  for  Germania  Epe  AG,
Gronau/Oberhausen. There, too, Kottmann was in charge of residential  management
matters for transactions, property development and new construction.

 "With Dr Kottmann we are welcoming  an  experienced  personality  with  capital
market, portfolio, financing and residential market expertise.  He  is  familiar
with all phases of the real estate and capital markets, which is not  common  in
Germany. He meets all of  GSW's  requirements  for  securing  further  corporate
growth and independence", explained John von Freyend.

As  CEO,  Kottmann  will  develop  GSW's  future  strategy  alongside  COO  Jörg
Schwagenscheidt and CFO Andreas Segal.


GSW Immobilien AG
Charlottenstrasse 4, 10969 Berlin, Germany

Press                                  Investor Relations
Thomas Rücker                          Sebastian Jacob
E-mail:  E-mail:
Tel.: +49. (0) 30. 25 34-13 32         Tel.:      +49. (0) 30. 25 34-1882
Fax:  +49. (0) 30. 25 34-19 34         Fax: +49. (0) 30. 25 34 233-19 60

About GSW

With a portfolio of approximately 58,500 residential units,  GSW  Immobilien  AG
is one of the leading private residential property companies  in  Berlin.  GSW's
corporate strategy is focused on the long-term management of rental  apartments,
applying a systematic approach aimed at increasing  both  customer  satisfaction
and operating efficiency. As of 31 December 2011, the GSW property portfolio  of
approximately 53,000 residential units was valued at around EUR2.9 billion.

Further inquiry note:
Sebastian Jacob
Tel.: +49 30 25 34- 18 82

end of announcement                               euro adhoc 

company:     GSW Immobilien AG
             Charlottenstr. 4
             D-10969 Berlin
phone:       +49 30 68 99 99 0
FAX:         +49 30 68 99 99 999
sector:      Real Estate
ISIN:        DE000GSW1111
indexes:     MDAX
stockmarkets: regulated dealing: Berlin, regulated dealing/prime standard:
language:   English

Weitere Meldungen: GSW Immobilien AG

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