Instone Real Estate Group CFO to depart in July

Foruhar Madjlessi, CFO of Germany's Instone Real Estate Group, has tendered his resignation ahead of his contract’s term, which was scheduled to end in December 2026.

According to the firm, Madjlessi decided to relocate for personal reasons and will officially leave the company on July 31.

Concurrently, Instone’s supervisory board has appointed David Dreyfus as new CFO and board member, effective Sept. 1. Dreyfus brings more than 28 years of experience in corporate finance and capital markets. He most recently served as senior partner of Lilja & Co., and also was a director with Lazard. In addition to numerous other M&A and capital markets transactions, Dreyfus has advised Instone in preparation and execution of its IPO in 2017 and 2018, and is therefore familiar with the company’s business model and operations.

“The entire supervisory board of Instone Real Estate Group SE is pleased to have secured David Dreyfus, a proven corporate finance exper