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NICO GRUTZPALK BECOMES MANAGING PARTNER OF 1. PSP ENTWICKLUNGS-GMBH

10.01.2022

NICO GRUTZPALK BECOMES MANAGING PARTNER OF 1. PSP ENTWICKLUNGS-GMBH

The Peper and Söhne group of companies is proud to announce that Nico Grutzpalk, previously a member of the management and authorized signatory of our group, will in future also act as managing partner of the 1st PSP Entwicklungs-GmbH. In his new function, Mr. Grutzpalk will contribute significantly to the success of our prestigious project, the SPURWERK in Bremen, in which he will also participate financially.

Other managing partners besides Mr. Grutzpalk are Christoph Peper and Malte Wilkens. The 1st PSP Entwicklungs-GmbH is a wholly owned subsidiary of Peper und Söhne Projekt GmbH.

"I am very pleased that Nico Grutzpalk, a very experienced and valued colleague, is taking on the new management role. I am absolutely sure that he will fill it conscientiously, successfully and in accordance with the values of Peper & Söhne," says Christoph Peper, Managing Partner
of Peper & Söhne.

Nico Grutzpalk gladly accepts his new function: "I would like to thank you for the trust you have placed in me and I look forward to my new tasks with great anticipation. I am convinced that SPURWERK will be a great success thanks to the cooperation with our strong partners."

SPURWERK is a planned commercial area between Bremen's Neustadt and Woltmershausen districts. A modern and urban mix of office, commercial and logistics space is being developed there on around 90,000 square meters in a prime inner city location.

Further information about the SPURWERK is available here: www.spurwerk.net.

About the Peper & Söhne Group

The Peper & Söhne Group, based in Bremen-Hemelingen, specializes in the development, leasing and management of commercial real estate. With a real estate project volume of over 198 million euros, the Peper & Söhne Group is well established in the northern German market. The core business of project development and real estate management comprises conceptual design, planning, development and revitalization of commercial real estate - individually from the project idea to the handover of keys.