Ulrich Höller, former CEO of DIC Asset and most recently head of GEG German Estate Group, has joined Munich-based developer ABG Real Estate Group as managing partner and CEO.
The 53-year-old will lead the group from the Frankfurt office, where ABG is represented by a separate entity. Together with former CEO Walter Wübben, aged 74, Höller is the sole shareholder of ABG Real Estate following the retirement of managing partner Rainer Sticken.
For the past five years, Höller has been at the helm of GEG German Estate Group, first as chairman of the management board and most recently as supervisory board chairman. Since 2015 he has built up GEG into a company with a real estate portfolio worth more than €4 bn.
Before then, he held the reins as CEO of DIC Asset, which he took public in 2006.
The appointment comes as ABG changes its name from ABG Allgemeine Bauträgergesellschaft mbH & Co. Kommanditgesellschaft to ABG Real Estate and reorganises its corporate structure around three divisions. The core business, ABG Development, is responsible for project developments and their implementation. ABG Immobilienmanagement is the division for rental, financing and asset management, while ABG Capital covers the investment business (including third-party investors).
With offices in Hamburg, Frankfurt am Main, Berlin, Cologne and Munich and a staff of 75, ABG currently has €2.5 bn in the development pipeline with completed projects including the new Deutschlandhaus in Hamburg, the Humboldthafen in Berlin and the Living Isar residential project in Munich.