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The Grounds also restructures its Supervisory Board – former board member Eric Mozanowski returns as deputy Supervisory Board Chairman

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The Grounds Real Estate Development AG also restructures its Supervisory Board – former board member Eric Mozanowski returns as deputy Supervisory Board Chairman

Berlin, 30 April 2020. Following the enlargement of the Executive Board of The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) in March 2020 by the entry of Mr. Arndt Krienen, there have now also been personnel changes in the Supervisory Board. Berlin-Charlottenburg District Court took a decision yesterday to appoint Mr. Eric Mozanowski and Mr. Hansjörg Plaggemars, both from Stuttgart, to be new members of the Supervisory Board to replace the outgoing members Sönke Schwartz and Andreas Ingendoh. At its constitutive meeting, Mr. Mozanowski was elected as Deputy Supervisory Board Chairman. Prof. Dr. Winfried Schwatlo FRICS remains the company’s Supervisory Board Chairman.

As a member of the Supervisory Board, Eric Mozanowski thereby returns to The Grounds Real Estate Development AG. As a board member until mid-2018, he decisively accompanied and shaped the latter’s business establishment and expansion as a holding company for The Grounds Group operating in the real estate property sector. Mr. Mozanowski built up a wide variety of companies in the past 30 years, focusing in this respect on project development and the renovation and marketing of residential properties, with a sales volume of more than 10,000 residential units.

Hansjörg Plaggemars, a business studies graduate and management consultant, now acts as another member of the Supervisory Board. He has managed a wide variety of companies in different sectors of industry during his professional career, before becoming a management consultant in mid-2017. Internationally, Mr. Plaggemars occupies several positions as a board member or supervisory board member, including in the context of his consultancy mandates. His executive board memberships currently include BCT bio cleantec AG, Ming Le Sports AG, Decheng Technology AG, Alpha Cleantec AG and Strawtec Group AG.

The Grounds thereby again has a powerful team, experienced in the real estate property sector, to carry out further purposeful development of its existing real estate projects and the project pipeline.

The Grounds Real Estate Development AG
Arndt Krienen, Thomas Prax, Management Board
Leipziger Platz 3, 10117  Berlin
T. +49 (0) 30 2021 6866
F. +49 (0) 30 2021 6849

Ingo Janssen
Managing Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg
T. +49 (0) 40 6378 5410
F. +49 (0) 40 6378 5423

Corporate information

Acquisition, project development and sustainable residential property management

The Grounds Group focuses on buying and developing residential property and, as a full-service provider for the business areas Investment (including property and asset management), Development and Trading, they have made it their goal to provide affordable living space for different life stages. The emphasis is on residential property, particularly also special real estate such as student and retirement living in German metropolitan regions and attractive locations such as aspiring outskirts in Germany. As a portfolio holder their medium-term aim is to establish a significant high quality real estate portfolio at a magnitude of EUR 500 million through investments and in-house development, allowing stable profits together with attractive dividend payments to The Grounds shareholders. The Grounds seeks to position themselves as one of the leading German real estate companies by creating added value within the scope of housing development and subsequent development of market capitalisation.