WCM Beteiligungs- und Grundbesitz-AG has reinforced its Management Board, as already announced on 23 June 2015. Frank Roseen (age 52) is an experienced real estate specialist and will assume responsibility for Acquisitions and Finance as CIO/CFO from 1 September 2015. Mr. Roseen has many years of experience in top-level management with international groups.

During the past 13 years he has held executive positions with GE Capital Real Estate, most recently as Managing Director Germany & Central and Eastern Europe. In this position he was responsible for a real estate portfolio of around USD 4 billion in this region. WCM believes that bringing this top quality manager on board is a further key step as part of its current portfolio expansion.

Stavros Efremidis will continue to be a member of the Management Board as the company's CEO.