The SJE Group Welcomes Ran Laufer

The SJE Group congratulates and welcomes Ran Laufer as the new Chief Executive Officer of ADO Properties, an SJE Group investment. Ran will join the company on July 23 2019, and the initial term of his service agreement extends through July 22 2023.

Mr. Laufer is an experienced and accomplished high-level executive with extensive experience in the real estate sector. He served in the last 18 years in various managerial and senior executive positions in real estate companies in the residential and commercial segments. Mr. Laufer brings to ADO significant experience and knowledge from multi-billion Euro real estate companies. The experience is in management, operations, marketing and establishment of comprehensive IT systems for fast growing real estate companies. Prior positions include Airport City where he served as Chief Marketing and Sales Officer and Grand City Properties where he served as Deputy CEO. Mr. Laufer has been appointed as the Vice Chairman of the Supervisory Board of TLG in May 2019

We are excited to have Ran as the Company's new CEO. Given his extensive experience in the real estate sector, he is a great addition and perfectly suited to lead ADO in its continuing success.

ADO Properties, together with its subsidiaries, operates as a residential real estate company in Germany. The company operates through Residential Property Management and Privatisation segments. It is involved in the rental and management of residential properties, including modernisation and maintenance of residential properties, management of tenancy agreements, and marketing of residential units. The company also engages in holding, operating, and selling commercial units; and the modernisation, maintenance, and management of non-vacant units. As of December 31, 2018, its property portfolio consisted of 22,067 residential units with a total residential lettable area of 1,454,255 square meters; 1,450 commercial units, such as retail, office, and other commercial units with a total commercial lettable area of 171,199 square meters; and 5,401 parking spaces and spaces for storage, antennas, etc. ADO Properties is based in Senningerberg, Luxembourg and employs over 350 people.

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