BERLIN-Jean-Francios Ott, founder and CEO of CEE developer Orco Property Group, has taken over as head of its Orco Germany unit, which plans to co-develop, with Berlin-based private developer High Gain House, its mixed-use project Leipziger Platz in the German capital.
Orco Germany management changes follow the decision of former CEO Rainer Bormann not to renew his contract. Orco Germany’s board of directors also appointed Nicolas Tommasini deputy CEO and Brad Taylor corporate and legal affairs director.
The Leipziger Platz project is a $532.88 million (€400m) mixed shopping centre, office and residential development in the heart of Berlin, with the site owned by a unit of Orco Germany. The parties expect to close the contract soon. A majority of the commercial space has been pre-leased, and construction is planned to begin in December.
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