CONSUS Real Estate AG: Theo Gorens joins Management Board

Supervisory Board appoints Theo Gorens to the Management Board of CONSUS Real Estate as per 1 May 2019

Berlin, 23 April 2019 - The Supervisory Board of CONSUS Real Estate AG ("Consus", ISIN DE000A2DA414, CC1) has appointed Theodorus Simon Gorens (51) as an additional member of the Management Board of Consus with effect from 1 May 2019. Theo Gorens will take up the responsibilities of the Chief Risk Officer (CRO) as well as the Deputy-CFO. The Consus Management Board will thus consist of the three members Andreas Steyer (CEO), Benjamin Lee (CFO) and Theo Gorens (CRO and Deputy-CFO).

Since 2012, Theo Gorens has been a member of the Executive Board at Consus' subsidiary SSN Group AG where he is responsible for risk management, financing and business development. Theo Gorens is also a member of the Extended Management Board of Consus AG since the end of 2018. Prior to joining the Executive Board of SSN Group AG, Theo Gorens was active in several management positions at Fortis ABN AMRO Group where he was, among other responsibilities, CFO of Fortis ABN AMRO Germany. Thereafter he was appointed as member of the Extended Board of Directors at Bethmann Bank AG and, amongst other things, responsible for structured products and directly reporting to the Executive Board of ABN AMRO. Theo Gorens started his career at KPMG in Amsterdam and Frankfurt, where he was, among other things, the auditor and advisor for German banks.

"With Theo Gorens joining, we are very happy to have successfully secured this recognized risk management expert as well as finance and financing specialist for Consus' Management Board", says Axel Harloff, Chairman of the Supervisory Board of Consus and adds: "Consus is the leading real estate developer in Germany's top nine cities. With the size of the group, the forward-sales business model and the expertise in the digitization of the development cycle, Consus differentiates itself from its competitors. The Management Board has now an enhanced capacity to drive forward the business and the goal of continuous strong growth."

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About Consus Real Estate AG

Consus Real Estate AG ("Consus") the leading German property developer in the top 9 cities with EUR 9.6bn (GDV) in properties under development as per 31 December 2018. The Company focuses on residential property and specialises in the development of entire neighbourhoods ('quartiers') and standardised flats. The use of forward sales to institutional investors and the digitalisation of construction processes allow the Company to operate along the entire property development value chain. Consus implements projects - from the planning phase through to construction and transfer of ownership, as well as property management and the associated services - via its subsidiaries CG Group AG and SSN GROUP. Consus Real Estate AG's shares are listed in the Scale segment of the Frankfurt Stock Exchange and m:access segment of the Munich Stock Exchange and are traded on XETRA in Frankfurt, among others.