Deka Immobilien managing director retires

Deka Immobilien managing director retires

Thomas Schmengler retires at his own request after almost 39 years in the real estate industry and eleven years in Deka. He will focus in the future on the pursuit of selective consulting mandates.

Schmengler has been managing director of Deka Immobilien GmbH since September 2008 and, since 2016, the investment management company Deka Immobilien Investment GmbH, where he managed the entire purchase and sale of real estate.

Before joining Deka, he was managing director of the KIZ Group, a developer based in Bad Soden-Salmünster. Prior to that, he worked at Jones Lang LaSalle for around 18 years, where he was most recently responsible for the German leasing and investment business as a member of the Management Board and International Director. He also headed the Frankfurt branch of Jones Lang LaSalle.

The Deka supervisory board will appoint his successor later in the year.