Catella Germany has appointed Dirk Hoffmann to its board of directors, the company said on Tuesday. Hoffmann was previously spokesman of the board at mortgage bank Allgemeine Hypothekenbank Rheinboden and was recruited for his real estate financing expertise, Catella said.

Catella Germany has appointed Dirk Hoffmann to its board of directors, the company said on Tuesday. Hoffmann was previously spokesman of the board at mortgage bank Allgemeine Hypothekenbank Rheinboden and was recruited for his real estate financing expertise, Catella said.

'The appointment of Dirk Hoffmann is a huge asset to Catella. Our company will profit from his business expertise and excellent knowledge of the industry,' said Johan Ericsson, board chairman of Catella Germany.

Catella Germany is part of pan-European property consultant Catella Property Group, which advised on European transactions worth some EUR 11.3 bn in 2006.