

Founder Ralf Schmitz, who recently celebrated his 70th birthday, is retiring from management and taking over as chairman of the supervisory board of the company, one of Germany’s most important developers of high-quality residential properties in exclusive locations. In the future, management will remain in the hands of son Dr. Axel Schmitz, who has been a member of the board since 2011, joined in 2019 by business graduate Dirk Schnurbus.