PRESS RELEASE

Domicil Real Estate AG appoints Klaus Schmitt as Chairman of the Supervisory Board

• Andreas Segal and Dr. Lars Lüdemann retire from the Supervisory Board
• Andreas Kolb and Klaus Schmitt new members of the Supervisory Board
• Prof. Dr. Georg Erdmann confirmed in his post 

Munich, 30  August 2022 – Domicil Real Estate AG has elected a new Supervisory Board at its annual general meeting. After Andreas Segal and Dr. Lars Lüdemann had requested not to be considered for a further term in office, Klaus Schmitt, the former COO of Patrizia AG, was unanimously elected as the Chairman of the Supervisory Board, and Andreas Kolb, a member of the board of directors of the shareholder Versicherungskammer Bayern, was also unanimously elected as a member of the Supervisory Board. The third member of the Supervisory Board, Prof. Dr. Georg Erdmann, was confirmed in his post as Deputy Chairman of the Supervisory Board.

Klaus Schmitt has more than 25 years’ experience in the real state sector, with the trained lawyer most recently spending 17 years working for Patrizia AG. As COO there he played a major role in the development of Patrizia into one of the leading pan-European asset managers. For 35 years now Andreas Kolb has predominantly occupied leading positions for the Versicherungskammer Bayern Group. He has been a member of the board of directors of the insurance group since 2019 and currently holds the position of CFO.

“We would like to thank Andreas Segal and Dr. Lars Lüdemann for the successful collaboration and very much regret that both of them no longer wish to exercise their mandates. They have both provided us with excellent support in the search for their successors as members of the Supervisory Board. Our particular thanks are due to Andreas Segal, who represented us as the Chairman of the Supervisory Board in the best-possible manner in the period which saw the largest acquisition in our company’s history in conjunction with the first-ever issuance of a borrower’s note loan,” explains Khaled Kaissar, CEO and majority shareholder in Domicil, adding: “Klaus Schmitt and Andreas Kolb are highly experienced experts within the financial and real estate sectors, and will undoubtedly ensure that the interests of the shareholders will be protected in the further expansion of Domicil and the capital market orientation of the company. I look forward to the fresh impetus and the exchange of findings and opinions.”

“I am very pleased to have been elected as the Chairman of the Supervisory Board. Domicil is a company displaying strong growth and with an exciting business model. The combination of privatisation and service business allows for high margins while at the same time also ensuring a strong cash flow. The sales partner model also permits economies of scale on its growth path,” explains Klaus Schmitt.

With a capital increase at the end of June Domicil had already raised a further 15 million euros and acquired a fund for institutional investors as an additional anchor shareholder. Thus the group of shareholders headed by Khaled Kaissar alongside Versicherungskammer Bayern, the insurance group Die Bayerische and Roland Berger Industries has now been expanded to five major stakeholders.