Magna Real Estate appoints Olaf Geist for expansion


Magna Real Estate has founded Magna Projektentwicklung West for the expansion of its project development business, and has appointed Olaf Geist to take over the management of the company starting on June 1st, 2019. Geist, 57, worked since 2003 for Aurelis Real Estate Service Region West, where he most recently served as regional manager, overseeing project development, asset management and sales. Magna sees great potential for new developments, revitalizations and acquisitions in the western areas of Germany, especially in the Rhine-Ruhr region. The company has announced that it intends to acquire a significant volume of new project developments later in the year.

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