A change occurred in the Supervisory Board of IVG Immobilien AG. Dr. Nedim Cen has been appointed to the Supervisory Board and elected as its new Chairman after Mister Christoph Schmidt-Wolf stepped down with effect from 31 May 2015 for personal reasons.

"On its own behalf and on behalf of the employees, shareholders and investors, the Board of Management would like to thank Mr Schmidt-Wolf for the work he has done, and for his outstanding contribution towards the reorientation of the company", stated Dietmar P. Binkowska, CEO of IVG Immobilien AG. "At the same time, we are delighted to have found in Dr Cen a successor who will be on hand as a valuable advisor and sparring partner with considerable experience".

Dr Nedim Cen is a member of the Management Board of the Canadian company ATS Automation Tooling Systems Inc., where he acts as Chief Strategy Officer. Previously, Dr Cen held managerial positions at various companies including spells as CFO of the Kion Group and CEO and CFO of Q-Cells SE.

About IVG Immobilien AG
The strategic core business of IVG Immobilien AG is the purchase, management and sale of office properties in Germany. It is the biggest portfolio holder of office properties in Germany. Its operating business is geared towards profitable management and requirement-oriented optimisation of properties as well as active portfolio management, with the aim of achieving sustainable added value in its own property portfolio. In addition to this core business, IVG Immobilien AG has two commercially independent key holdings: IVG Institutional Funds GmbH, a service provider for structured real-estate products for institutional investors, and IVG Caverns GmbH, which constructs, operates and leases subterranean oil and natural gas repositories.

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