Coima Res- first quarter 2017 results

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The Board of Directors of COIMA RES upon the joint proposal of COIMA RES’ Founder & CEO, Manfredi Catella, and senior management, and in line with the overall objective of COIMA RES of further strengthening its corporate governance towards best in class practices, in date April 26th, 2017, appointed Luciano Gabriel and Olivier Elamine as the two new independent directors with high international standing and extensive management experience of publicly listed real estate companies.
 
These appointments further strengthen the Board of Directors and the corporate governance of COIMA RES.
 
The two new Board members experience can be summarised as follows:
 
Olivier Elamine: founder and CEO of alstria office REIT AG, an office real estate company operating in Germany and listed on the Frankfurt stock exchange with over €3bn in assets under management and 108 buildings totalling 1.6 million m². Previously, Olivier Elamine was one of the founders of NATIXIS Capital Partners, Director of CDC IXIS's Investment Banking team (focusing on real estate), and consultant at Ernst & Young (also focusing on real estate).
 
Luciano Gabriel: since April 2017, Luciano Gabriel acts as Chairman of the Board of Directors of PSP Swiss Property AG, a commercial real estate company operating in Switzerland and listed on the SIX Swiss Exchange with more than Swiss francs 6.8bn in assets under management. Between 2007 and March 2017, he served as CEO of PSP Swiss Property and from 2002 to 2007 as CFO of PSP Swiss Property. From 1998 to 2002 he headed treasury and corporate finance at Zurich Financial Services. From 1984 to 1998, he held several positions in corporate finance, risk management, international corporate banking, and business development at Union Bank of Switzerland. In addition, Luciano Gabriel was appointed Chairman of the European Public Real Estate Association (EPRA, the European association of the largest listed real estate companies) for the period 2016/2017.

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