Hamburg, April 17, 2019 - The Hamburg-based real estate company Becken is installing an administrative board, which took up its duties in April 2019. The committee supervises and advises the management of the holding company and the three subsidiaries: Becken Development GmbH, Becken Asset Management GmbH and Becken Estates GmbH. The aim is to secure the continued existence of the Becken company beyond the ownership role of Dieter Becken. Dieter Becken, Managing Partner of Becken Holding GmbH, says: "It is a central concern of mine to ensure that the Becken company remains well positioned in the future, regardless of who I am. The appointment of the Board of Directors is a decisive step for the sustainable development of Becken and as a foundation for securing the company's existence for future generations".

The committee will initially consist of four persons. In order to ensure family influence, Dieter Becken as Chairman and Dr. Nadine Becken, Managing Partner of Capella Vermögensverwaltung, as his deputy take two of the four seats. With Dr. Rainer Stockmann, the founding partner of the law firm GSK STOCKMANN, and Klaus Kuder, the managing partner of Kuder Familypartner GmbH, two external experts in the areas of real estate law and asset strategy consulting for family offices are contributing their expertise. Kuder was also responsible for the Family Office of Deutsche Bank for many years as a member of the Management Board.

The articles of association of Becken Holding GmbH have already been amended to lay the foundation for the future activities of the Board of Directors. The main focus of consulting will be on financial decisions and strategic issues of business policy in the group of companies. Rules of procedure for the Board of Directors and uniformly defined purchase templates for real estate project development have also been agreed in order to further standardise the Group's operating activities and systematically manage risks.