GIEAG Immobilien AG: Prof. Christoph Ehrhardt new chairman of the supervisory board of GIEAG

München (pta016/21.02.2022/10:15 UTC+1)

• Dr Oscar Kienzle retires due to age

Munich/Stuttgart, 21.02.2022 - Prof. Christoph Ehrhardt is the new chairman of the supervisory board of GIEAG Immobilien AG (GIEAG). He takes over the position from Dr. Oscar Kienzle, who resigned as planned on 10 February 2022 after ten years due to age.

"We would like to express our sincere thanks to Dr. Kienzle for his outstanding commitment over the past ten years. He has been a loyal chairman of the supervisory board for GIEAG and has shaped the company through his diverse experience and contacts in the real estate world. His always strategic but also calm far-sightedness for essential, entrepreneurial decisions were decisive for the success of the company. I am pleased that GIEAG and my family will remain on friendly terms with Dr. Kienzle," says Philipp Pferschy, CEO of GIEAG Immobilien AG. "With Prof. Ehrhardt we were able to win a very experienced real estate expert for the succession and we are looking forward to the cooperation!", adds Pferschy.

Prof. Christoph Ehrhardt looks back on more than 30 years of experience in leading positions in the real estate sector, 25 of which as a partner at Ernst & Young (EY). For EY, he most recently held the position of Global Leader for Transaction Advisory Services at EY's Real Estate, Hospitality and Construction Group. He is currently a managing partner at Bennix Strategic Advisor GmbH, a firm focused on providing strategic advice to businesses. "I would like to be available to the board and management of GIEAG as a knowledgeable partner and support them in particular in strategic matters", says Prof. Christoph Ehrhardt.

About GIEAG Immobilien AG:

GIEAG is a family-run Munich-based real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.

Over the past 22 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of Euro 15 to 150 million. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.

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Emitter:	GIEAG Immobilien AG Oettingenstraße 35 80538 München Germany
Contact Person:	Philipp Pferschy
Phone:	+49 89 290516-0
E-Mail:	ir@gieag.de
Website:	www.gieag.de
ISIN(s):	DE0005492276 (Share)
Stock Exchange(s):	Free Market in Munich