Commodus plans further acquisitions for €300m

Commodus has unveiled plans for further acquisitions with a total volume of around €300 million ($333 million) this year.

Target markets continue to be Germany’s top seven cities and high-growth metropolitan locations, and recently also include cities across Europe. To push forward the company’s growth, Commodus is also making personnel and structural expansions in asset and portfolio management and in development. To this end, two new executives have joined the Commodus team. At the beginning of March, Alexander Weißflog took up the new role of head of asset and portfolio management, which involves overall responsibility for the existing portfolio including development. As head of project development, Lutz Keßels is in charge of the development of projects.

“In Alexander Weißflog and Lutz Keßels, we have two experienced and accomplished experts in the real estate industry. In addition to making further acquisitions, our aim is to leverage more value-added