Press release

Andreas Muschter extends contract with Commerz Real for a further five years

The Supervisory Board of Commerz Real has extended the contract with its Chief Executive Officer Andreas Muschter (45) for a further five years. As the company announced, this guarantees the necessary management and strategy continuity as it proceeds along the path which it has successfully taken in recent years. Muschter has been a member of the Board of Managing Directors of Commerz Real since 2009 and its Chief Executive Officer since 2013. Under his management it was possible in 2016, for example, to post the most successful year to date in the company’s history.

“Commerz Real now ranks among the leading asset and investment managers for tangible assets in Europe, and we intend to achieve additional growth,” explains Muschter. In this respect the main focus will be on digitalisation and the development of institutional business. “We are tenaciously pursuing our goal of becoming the first digital real estate asset and investment manager,” says Muschter. “This is very much a matter for the senior management.” The “Digital Factory”, especially founded by the company in 2016, reports directly to him. Furthermore, Muschter is responsible for transactions, the product management at the open-ended real estate fund hausInvest, finances, taxes, property administration and movables, as well as fund accounting. “I am very much looking forward to another five exciting years with Commerz Real,” he states.