BERLIN-Jean-Francios Ott, founder and CEO of CEE developer OrcoProperty Group, has taken over as head of its Orco Germany unit,which plans to co-develop, with Berlin-based private developer HighGain House, its mixed-use project Leipziger Platz in the Germancapital.
Orco Germany management changes follow the decision of formerCEO Rainer Bormann not to renew his contract. Orco Germany’s boardof directors also appointed Nicolas Tommasini deputy CEO and BradTaylor corporate and legal affairs director.
The Leipziger Platz project is a $532.88 million (€400m) mixedshopping centre, office and residential development in the heart ofBerlin, with the site owned by a unit of Orco Germany. The partiesexpect to close the contract soon. A majority of the commercialspace has been pre-leased, and construction is planned to begin inDecember.
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