So far, the German real estate market has weathered the stress test imposed by the COVID-19 pandemic, which has been raging for about six months, rather well. Although the retail and hotel sectors have been particularly hard hit by the lockdown, rents and purchase prices have largely maintained their high levels. Residential real estate provided the strongest performance, with demand remaining stable throughout the course of the year to date. These are the key findings of “Real Estate Market Under ‘Corona Scrutiny’”, a current research study conducted by DZ HYP.

At its most recent meeting, the Supervisory Board of DZ HYP appointed Ms Sabine Barthauer as successor to Manfred Salber, who will be leaving DZ HYP’s Management Board on 31 December 2020. Accordingly, Ms Barthauer will assume responsibility for all back-office units, as well as for Restructuring & Recovery and Risk Controlling.

The Supervisory Board of DZ HYP today appointed Mr Jörg Hermes (50) as a member of the Management Board, with effect from 1 April 2020. Dr Georg Reutter (Chief Executive Officer) and Manfred Salber will remain as Management Board members alongside Mr Hermes. Going forward, Mr Hermes will be responsible for Finance, the Compliance Office, IT and Organisation & Operations, Internal Audit, and Human Resources.