ADO Properties S.A.: ADO Properties S.A. announces change to the board of directors
January 24, 2019 at 11:15 pm IST
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DGAP-News: ADO Properties S.A. / Key word(s): Personnel
ADO Properties S.A.: ADO Properties S.A. announces change to the board of directors
24.01.2019 / 18:40
The issuer is solely responsible for the content of this announcement.
ADO Properties S.A. announces change to the board of directors
Luxembourg, January 24, 2019 - ADO Properties S.A. (the "Company") announces that on January 24, 2019 the board of directors of the Company (the "Board of Directors") appointed Mr. David Daniel as a member and Executive Vice Chairman of the Board of Directors with immediate effect. David Daniel was appointed on a provisional basis until his membership may be confirmed by a general meeting of the Company, scheduled to be held in March 2019. He will fill the vacant position on the Board of Directors following the resignation of Mr. Shlomo Zohar.
David Daniel was also appointed as the CEO of ADO Group LTD, Israel, following Shlomo Zohar in this position after the end of his term.
David Daniel (48) has extensive experience in the real estate industry. His most recent position was vice President, Head of Real Estate at Psagot Investment House, Israel
About ADO Properties
ADO Properties is a company that focuses on the residential real estate sector and owns a property portfolio of around 24,000 units in Berlin. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. The portfolio of ADO Properties is concentrated in central locations inside Berlin's S-Bahn-Circle and in attractive districts on the city's periphery.
24.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
ADO Properties S.A.
1B Heienhaff
L-1736 Senningerberg
Luxemburg
Phone:
+352 27 84 56 710
Fax:
+352 26 26 34 079
E-mail:
ir@ado.properties
Internet:
www.ado.properties
ISIN:
LU1250154413
WKN:
A14U78
Indices:
SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
Adler Group SA, formerly known as ADO Properties, is a Luxembourg-based real estate company. The Company operates in Germany, in the residential real estate field with approximately 70,000 residential units, and a development pipeline of approximately 10,000 new flats in Germany. The Company focuses on asset and portfolio management, property and facility management and developing residential properties throughout Germany. The Company operates through two business segments: Residential property management and development. Residential property management offers renting and managing residential properties, the management of tenancy agreements and marketing of residential units with the focus on optimization of rental income. The development side of the business splits into build-to-sell projects and build-to-hold projects.