Hamburg, 14 September 2018 – Christine Hager, Managing Director / Head of Shopping Center Asset Management at the Hamburg-based redos Group is the new chair of the German Council of Shopping Centers e.V. (GCSC). The 46-year-old was unanimously elected for the next four years at the association’s general meeting today in Berlin. Hager will replace the previous Chairman Klaus Striebich, who was prevented from running for another term by the statute. Christine Hager is the second woman in the association’s 25-year history to stand at the helm of GCSC. Managing Director of dm-drogerie markt Markus Trojansky and HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft‘s Managing Director Harald Ortner complete the board.

Retail and property sectors must join forces

In her new role as chair of the association for the retail property sector, which has more than 750 member companies and is active across Germany, Christine Hager aims to expand the cooperation with associations in other sectors. “Only together we can tackle the changes in retailing. In order to do this, the retail and the property sectors have to join forces more so than ever before.” The retail sector is currently transitioning towards omni-channel. Hager: “It is crucial now that we respond to the changing desires of consumers in a holistic way which reaches across all channels. To do so, we need to further strengthen open, honest and forward-thinking dialogue between everyone involved. GCSC is the right platform for doing this.”

Oliver Herrmann, Managing Director / Head of Business Development at redos, said: “We are very pleased for Christine Hager and would like to sincerely congratulate her on her success. As head of GCSC, she is taking over a role with great responsibility in challenging times. Her decades of experience in retail property and close proximity to all market players make her perfectly suited to successfully expand the work of the association and thereby playing an important role in shaping the digital transformation across the whole sector.”

Christine Hager has been a member of the GCSC management board since 2014. The engineering graduate has been on the management team at redos since 2015. Prior to this she worked at Jones Lang LaSalle, most recently as Head of Shopping Center Management for the German and Austrian market.

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About redos

The redos Group, headquartered in Hamburg, is one of the leading independent retail property specialists, focussing on the areas of investment, asset management, fund management, redevelopment, leasing and advisory business. As an investor and active asset manager, the company covers the entire value chain for large-scale retail properties – for hybrid and conventional shopping centres, retail parks and hypermarkets. redos serves all risk classes and offers every type of investment vehicle for institutional investors. In addition to acting as a co- investor, the company has excellent tenant access and extensive revitalisation expertise. redos can look back on a long track record in the field of restructuring and value optimisation. The retail property specialist currently manages a retail real estate portfolio worth around €3.5 billion at 108 locations throughout Germany. redos manages a total of more than 1.48 million m2 of rental area. With its property database ROB, the company has access to detailed information on around 18,000 retail locations throughout Germany.