At its meeting held on 23 January 2020, the Supervisory Board of HAMBORNER REIT AG unanimously resolved to appoint Mr. Niclas Karoff as Chief Executive Officer with effect from March 1, 2020 and thereby expand the Management Board. The decision was made in the context of early, strategically oriented succession planning. With this new appointment, the plan pursued by the current Management Board for the successful development of the company will gain added momentum. Niclas Karoff (48) has many years of experience in the property industry, most recently serving as a Management Board member and managing director of another SDAX-listed company, TLG IMMOBILIEN AG, for more than eight years. His previous career positions included various management roles within the HSH Nordbank Group (now Hamburg Commercial Bank) and at the auditing firm BDO.