Successful reorganisation of management at BUWOG Bauträger GmbH

11/27/19

BUWOG is reorganising the management of its new construction business in Germany. In doing so, it will make use of proven internal competencies: Eva Weiß is taking over management of BUWOG Bauträger GmbH, Thomas Mahler will become the new head of project development.

Eva Weiß presently serves as head of project development in Germany and will be appointed managing director on 1 January 2020 as part of the successful internal replacement plan. The successor in her previous position will be Thomas Mahler, who as development manager is currently responsible for major new construction projects in Berlin such as BUWOG NEUMARIEN, a residential quarter that was awarded the sustainability certificate in gold from the German Sustainable Building Council (DGNB e.V.).

At the end of 2019, Alexander Happ, managing director of BUWOG Bauträger GmbH, will leave the company at his own request in order to start his own business. Daniel Riedl, member of the executive board of Vonovia SE who is responsible for BUWOG operations in Austria as well as for BUWOG development in Germany:

"Since BUWOG entered the German market in 2012, Alexander Happ has successfully made the development unit what it is today. I would – also very personally – like to thank him for his excellent cooperation and wish him all the best for his professional and private future. At the same time, I am delighted that we have been able to cultivate appropriate successors in every respect from within our own ranks. With Eva Weiß, a professionally and personally strong manager is advancing to the top; she has already played an important role in the success of BUWOG in Germany over the past four years. I wish her and Thomas Mahler all the best for their new responsibilities".

BUWOG Bauträger GmbH is currently represented by 140 employees in Berlin, Hamburg and Leipzig. At present, more than 12,000 rental apartments and condominiums are under construction and in planning, along with the accompanying infrastructure, social facilities and day-care centres. BUWOG is pursuing an ambitious sustainability agenda in its new construction business: by 2023, the proportion of new apartments with renewable energies will increase to 35%. More than one in three apartments will then be supplied with renewable energies. By 2020, the share of parking spaces that have their own electric charging station will grow to 12% so that residents can take advantage of the opportunities offered by electric mobility and switch to electric cars or e-bikes. BUWOG's sustainability targets are monitored and controlled on an ongoing basis as part of the certified energy management system (EnMS) in accordance with ISO 50001.

About BUWOG

BUWOG now looks back on 68 years of expertise in the residential property business. In Germany BUWOG Bauträger GmbH is currently focused on Berlin, Hamburg and Leipzig in the area of property development and has a development pipeline of around 12,000 residential units. BUWOG is a subsidiary of Vonovia SE, Europe's leading residential company, which is located in Bochum (Germany).

MEDIA INQUIRIES GERMANY

Michael Divé

Press spokesperson for Germany

BUWOG Bauträger GmbH

Email: michael.dive@buwog.com

T: +49 159 04 62 1993

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