Bayerische Hausbau: Brandstetter is new head – 2017 revenue down


Bayerische Hausbau appointed Hermann Brandstetter as its new head in mid-July, replacing Jürgen Büllesbach, who had already communicated his departure last January. Brandstetter was previously responsible for real estate and accounting in the company’s Executive Board. The Schörghuber Group subsidiary, based in Munich, generated turnover of €211.1mn in the past financial year, €57.4mn of that through sales, in contrast to €220.4mn and €69.0mn respectively in 2016. According to the annual report, the revenue increase did not meet the forecasts made in the previous year, due to lower portfolio sales. The operating result was, however, “in line with development forecasts”.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.