Eschborn, August 27, 2019 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, „Noratis“), a leading real estate company focusing on the development of existing residential property in Germany, today announced that it has adapted its structure to facilitate further growth. In order to be able to act even more efficiently in both purchasing and sales transactions, the two units will be combined and their staff expanded.
The newly created Transaction Management unit will be managed by Flaminia zu Salm-Salm, who previously headed the Purchasing department and in her new role is now also responsible for the sale of properties. She will be supported by an experienced transaction team and two proven real estate experts. Leopold zu Stolberg, the new Head of Investment, will focus on acquisitions, while Ioannis Stamatis will focus on the sales activities. Stamatis recently joined Noratis and can look back on many years of experience in management positions at SEB AG and most recently at The Flag.
Igor Christian Bugarski, CEO of Noratis, commented: “Consolidating our transaction activities enables us to operate even more efficiently and successfully in the market. Flaminia zu Salm-Salm will be a great asset in her new role given her real estate expertise, professional network and last but not least her many years of experience in the company. She will be able rely on a strong and experienced team. This realignment puts us in an ideal position to support the future growth of our company.”
Flaminia zu Salm-Salm, Head of Transaction Management at Noratis, said: “I look forward to the new challenge and am proud to be able to continue driving the growth of Noratis in this new role. The new structure enables us to leverage considerable synergies and at the same time boost the efficiency of our value chain. That’s good news for Noratis and for our partners.”