{"id":5684,"date":"2024-07-26T20:42:59","date_gmt":"2024-07-26T18:42:59","guid":{"rendered":"https:\/\/www.gieag.de\/?p=5684"},"modified":"2024-07-26T20:42:59","modified_gmt":"2024-07-26T18:42:59","slug":"gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024","status":"publish","type":"post","link":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/","title":{"rendered":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]Munich, July 26, 2024 &#8211; GIEAG Immobilien AG (\u201cGIEAG\u201d) informs about a personnel change in the Management Board: Philipp Pferschy has asked the Supervisory Board of the company today to terminate his Management Board mandate prematurely for personal reasons with effect from July 31, 2024. Philipp Pferschy has been a member of the Management Board since 2012 and remains a significant shareholder of GIEAG Immobilien AG. The Supervisory Board will now look for a successor for Mr. Philipp Pferschy.<br \/>\nThe remaining Management Board member Benjamin Johansson will continue to be responsible for the operational development of the GIEAG real estate portfolio and important project developments.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]Munich, July 26, 2024 &#8211; GIEAG Immobilien AG (\u201cGIEAG\u201d) informs about a personnel change in the Management Board: Philipp Pferschy has asked the Supervisory Board of the company today to terminate his Management Board mandate prematurely for personal reasons with effect from July 31, 2024. Philipp Pferschy has been a member of the Management [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[105],"tags":[],"class_list":["post-5684","post","type-post","status-publish","format-standard","hentry","category-ad-hoc-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG<\/title>\n<meta name=\"description\" content=\"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG\" \/>\n<meta property=\"og:description\" content=\"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"GIEAG\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T18:42:59+00:00\" \/>\n<meta name=\"author\" content=\"Laura Thunich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Thunich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/\"},\"author\":{\"name\":\"Laura Thunich\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#\\\/schema\\\/person\\\/06a1fb2e38fd2ef48cf350945a06bdbe\"},\"headline\":\"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024\",\"datePublished\":\"2024-07-26T18:42:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/\"},\"wordCount\":129,\"publisher\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#organization\"},\"articleSection\":[\"Ad-hoc\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/\",\"url\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/\",\"name\":\"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#website\"},\"datePublished\":\"2024-07-26T18:42:59+00:00\",\"description\":\"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.gieag.de\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#website\",\"url\":\"https:\\\/\\\/www.gieag.de\\\/\",\"name\":\"GIEAG\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.gieag.de\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#organization\",\"name\":\"Gieag Immobilien AG\",\"url\":\"https:\\\/\\\/www.gieag.de\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.gieag.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/logo.svg\",\"contentUrl\":\"https:\\\/\\\/www.gieag.de\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/logo.svg\",\"width\":114,\"height\":113,\"caption\":\"Gieag Immobilien AG\"},\"image\":{\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.instagram.com\\\/gieag_immobilien\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/gieag-immobilien-ag\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.gieag.de\\\/#\\\/schema\\\/person\\\/06a1fb2e38fd2ef48cf350945a06bdbe\",\"name\":\"Laura Thunich\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG","description":"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/","og_locale":"en_US","og_type":"article","og_title":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG","og_description":"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.","og_url":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/","og_site_name":"GIEAG","article_published_time":"2024-07-26T18:42:59+00:00","author":"Laura Thunich","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Thunich","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/#article","isPartOf":{"@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/"},"author":{"name":"Laura Thunich","@id":"https:\/\/www.gieag.de\/#\/schema\/person\/06a1fb2e38fd2ef48cf350945a06bdbe"},"headline":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024","datePublished":"2024-07-26T18:42:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/"},"wordCount":129,"publisher":{"@id":"https:\/\/www.gieag.de\/#organization"},"articleSection":["Ad-hoc"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/","url":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/","name":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024 - GIEAG","isPartOf":{"@id":"https:\/\/www.gieag.de\/#website"},"datePublished":"2024-07-26T18:42:59+00:00","description":"The nationwide project developer GIEAG Immobilien AG (GIEAG) is reacting to the significant changes in the current market and interest rate environment, which are accompanied by increasing short-term uncertainties and limited visibility. Against this backdrop, the GIEAG management board decided today to suspend the financial forecast for 2022. The revenue and profit expectations forecast for the current year can in all likelihood no longer be achieved. The reason for this is the current market development, which leads to a significantly slower transaction activity on the real estate market and thus also for GIEAG to significantly lower sales revenues. Further factors are the interest rate increases that have already occurred and are expected to continue, which will result in higher financing costs.","breadcrumb":{"@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.gieag.de\/en\/gieag-immobilien-ag-philipp-pferschy-to-leave-the-management-board-prematurely-as-of-july-31-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.gieag.de\/en\/"},{"@type":"ListItem","position":2,"name":"GIEAG Immobilien AG: Philipp Pferschy to leave the Management Board prematurely as of July 31, 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.gieag.de\/#website","url":"https:\/\/www.gieag.de\/","name":"GIEAG","description":"","publisher":{"@id":"https:\/\/www.gieag.de\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.gieag.de\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.gieag.de\/#organization","name":"Gieag Immobilien AG","url":"https:\/\/www.gieag.de\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.gieag.de\/#\/schema\/logo\/image\/","url":"https:\/\/www.gieag.de\/wp-content\/uploads\/2021\/11\/logo.svg","contentUrl":"https:\/\/www.gieag.de\/wp-content\/uploads\/2021\/11\/logo.svg","width":114,"height":113,"caption":"Gieag Immobilien AG"},"image":{"@id":"https:\/\/www.gieag.de\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/gieag_immobilien","https:\/\/www.linkedin.com\/company\/gieag-immobilien-ag"]},{"@type":"Person","@id":"https:\/\/www.gieag.de\/#\/schema\/person\/06a1fb2e38fd2ef48cf350945a06bdbe","name":"Laura Thunich"}]}},"_links":{"self":[{"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/posts\/5684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/comments?post=5684"}],"version-history":[{"count":1,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/posts\/5684\/revisions"}],"predecessor-version":[{"id":5686,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/posts\/5684\/revisions\/5686"}],"wp:attachment":[{"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/media?parent=5684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/categories?post=5684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gieag.de\/en\/wp-json\/wp\/v2\/tags?post=5684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}