The Grounds Real Estate Development AG announced that there will be a change in the Supervisory Board with effect as of the end of the calendar year. Prof. Dr. Winfried Schwatlo has relinquished his mandate as of 31 December 2020. Armin H. Hofmann is to be appointed as a member of the Supervisory Board as Prof. Schwatlo's successor through judicial appointment, initially until the end of the next Ordinary General Meeting.