DDE Develica

 

TIDMDDE 
 
RNS Number : 4477G 
Develica Deutschland Ltd 
01 February 2010 
 

 
FOR IMMEDIATE RELEASE 
1 February 2010 
       DEVELICA DEUTSCHLAND MANAGEMENT LIMITED APPOINTS MANAGING DIRECTOR 
 
Develica Deutschland Limited ("DDL"), the AIM listed German property investor, 
today announces that its fund manager, Develica Deutschland Management Limited 
("DDM"), has appointed Lars Luecking as Managing Director with effect from 1 
February 2010. 
 
Lars joins DDM from Citi Global Markets and Hypo Real Estate (formerly 
HypoVereinsbank) where he spent 10 years collectively in senior roles. Prior to 
those roles he worked for several years in corporate finance with KPMG in 
Frankfurt. 
 
Grant Tromans, a director of both DDL and DDM, said on behalf of DDM: 
"DDM welcome the appointment of Lars Luecking as Managing Director and look 
forward to the benefits his extensive experience in European real estate will 
bring. 
 
Lars has a wealth of experience in European real estate, especially in asset 
management, debt restructuring and valuation. He has the ideal skill set to 
oversee the day-to-day running of DDM and ensure that the fund manager is in a 
position to take full advantage of the anticipated upturn in the German economy 
and the consequent revival in the German real estate market." 
 
Derek Butler, Chairman of DDL, said "DDL also welcomes the further strengthening 
of the DDM team and the additional skills and experience this appointment will 
bring". 
 
                                      Ends. 
 
Contact: 
Baron Phillips, Baron Phillips Associates.                      Tel: 020 7920 
3161 
Philip Secrett, Grant Thornton Corporate Finance         Tel: 020 7728 2578 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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