2009

On September 1, 2009, Bau-Verein has acquired from a real estate investment company the building in Steckelhörn 5-9, Hamburg, used by it as well as other TAG Group companies as headquarters alongside other tenants.  The seller is a joint venture established by Bau-Verein and conwert SE, Vienna, in which Bau-Verein holds 25 percent. As a result, the office block, which is located in the heart of the Hamburg CBD adjacent to St. Catherine's church and the historical warehouse district, is now fully owned by Bau-Verein, a subsidiary of the TAG Group.

Rolf Elgeti was appointed to Bau-Verein's Management Board by the Supervisory Board effective 1 July. Together with Hans-Ulrich Sutter, he forms the company's Management Board. Mr. Andreas Ibel resigned from the Management Board, as did Mr. Erhard Flint at an earlier date.