Laszlo Csiki is replacing Andreas Holler who was appointed member in the managing board of Buwog Group, which is the leading private residential property company in Austria and also part of Immofinanz.
“The switch is intended to continue the promising outlook established for the company in the past 2 years, strengthening Adama’s place on the market and boosting its development perspectives. Consequently, Andreas Holler will carry on his activity within by Immofinanz Group, assuming responsibility for apartment construction in Austria and being appointed to the management board at BUWOG Group which is the leading private residential property company in Austria with a portfolio of approx. 35,500 flats in Austria and Germany,” Adama said in a statement.
Laszlo Csiki has a vast experience on the asset management real estate market. Since November 2011, he has been Head of Corporate Asset & Facility Management for Eastern Region within Metro Group.
Andreas Holler was a member of Adama’s Executive Board since November 2011, managing the company’s takeover by Immofinanz Group. He directly handled the group integration process in order to capitalize on synergies between the two companies.
Adama is present in Romania, Moldova, Ukraine and Turkey. It has so far built over 1,650 apartments and tens of thousands of square meters of retail spaces and office buildings in several real estate projects developed in Bucharest, Ploiesti, Bacau, Brasov, Iasi and Cluj.
Austrian group Immofinanz, one of the most active realty investors in Romania, became sole shareholder of Adama in November 2011, after buying out the other shareholders for a total EUR42.43 million.