Westgrund AG Appoints Sascha Giest as Chief Financial Officer

Westgrund AG is a Germany-based real estate company. The Company focuses on the acquisition, management and development of residential properties, with a focus on Berlin, as well as medium-sized and smaller cities in Northern and Eastern Germany. Its portfolio comprises properties in Berlin, Brandenburg, Bremen, Lower Saxony, Rhineland-Palatinate, North Rhine Westphalia, Saxony-Anhalt, Thuringia, Saxony, Mecklenburg-Western Pomerania and Schleswig-Holstein. The Company's majority shareholder is Adler Real Estate AG.