Commodus plans further acquisitions for €300m (DE)

Commodus plans further acquisitions for €300m (DE)

Commodus has unveiled plans for further acquisitions with a total volume of around €300m this year. Target markets continue to be Germany’s top 7 cities and high-growth metropolitan locations, and recently also include cities across Europe. To push forward the company’s growth, Commodus is also making personnel and structural expansions in asset and portfolio management and in development. To this end, two new executives have joined the Commodus team. At the beginning of March, Alexander Weißflog took up the new role of Head of Asset and Portfolio Management, which involves overall responsibility for the existing portfolio including development. As Head of Project Development, Lutz Keßels is in charge of the development of projects.


“In Alexander Weißflog and Lutz Keßels, we have two experienced and accomplished experts in the real estate industry. In addition to making further acquisitions, our aim is to leverage more value-added potential in our existing portfolio and thereby achieve further growth,” said Dr Matthias Mittermeier, Founder of Commodus.


Alexander Weißflog has more than 20 years of experience in the real estate industry, having spent half of those years in management positions. He has extensive knowledge of asset and portfolio management and has worked on both the corporate and investor side for companies such as JLL, Archon Group, Siemens Real Estate and TLG Immobilien. The graduate civil engineer also brings the necessary know-how for the technical challenges in the field of value-added portfolios.


Lutz Keßels has more than 25 years of experience in the planning, development and implementation of construction projects, having most recently gained further expertise in the Am Tacheles project in Berlin with pwr development. His professional roles have included head of neighbourhood development at WBM Wohnungsbaugesellschaft Berlin-Mitte mbH and managing director at Pandion AG. In these roles, the graduated architect was responsible for the development of urban planning concepts and for the implementation of major projects and neighbourhood developments.

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