Peach Property Group AG appointed Marcus Schmitt as chief operating officer (COO) in Germany. He takes up his position in July 2023. Mr. Schmitt has around 25 years of industry-specific professional experience and most recently had profit and performance responsibility for a regional residential portfolio of around 25,000 residential units and a team of 96 employees.

An important task of the new COO is to further improve operational processes and efficiencies in Germany, which will also help to implement its ambitious earnings and cost targets.