Changes in the Management Board of CA Immo

The Supervisory Board of CA Immobilien Anlagen AG (“CA Immo”) and the Chairwoman of the Management Board, Silvia Schmitten-Walgenbach, have today mutually agreed that Mrs. Silvia Schmitten-Walgenbach’s contract will be terminated as of 31 March 2023. The reason for the termination of the contract by mutual agreement is different views on the priorities in the implementation of the company's corporate strategy. Silvia Schmitten-Walgenbach’s tasks will be assumed by the two other Management Board members of CA Immo, Keegan Viscius and Andreas Schillhofer.

Torsten Hollstein, Chairman of the Supervisory Board of CA Immo: "On behalf of the entire Supervisory Board, I would like to thank Silvia Schmitten-Walgenbach for her successful work in a challenging environment and we wish her all the best for the future. Silvia Schmitten-Walgenbach played an important role in the successful planning and execution of major transactions in a very challenging market. She has been instrumental in driving the company's strategic focus on the core areas of new working environments, sustainability and stakeholder value, as well as the core market of Germany."

Silvia Schmitten-Walgenbach: "It has been a pleasure to lead CA Immo as a high-quality listed manager, investor and developer of modern office properties over the past 15 months. I would like to thank the staff and colleagues as well as the Supervisory Board for their support and I am proud of what we have achieved together. With our clear focus on the quality of the property portfolio, we have put the company in a strong and resilient position for future success."

David Smith, First Deputy Chairman of the Supervisory Board and Head of DACH for Starwood Capital Group, commented, “We thank Silvia Schmitten-Walgenbach for her leadership and contribution to the company. We will continue to support the Management Board on the ongoing implementation of the strategy, with the aim of further improving the portfolio quality and platform, while recycling capital out of lower-growth and non-strategic assets to maximize returns for all shareholders and stakeholders.”