St. Augustin, November 2019. P+B Group, a renowned and dynamically growing builder and project developer headquartered in St. Augustin near Bonn, has once again expanded its senior management. Now, Markus Volk was appointed COO and is responsible for acquisition, project development, project management and customer relations. As an additional Managing Director, he complements the P+B Management Board which comprises company founder and CEO Gerd Hebebrand and Frank Hilbertz, who was appointed CFO of P+B Group in December 2018.

In recent years, P+B Group has grown very dynamically and will consistently continue this expansion course with a current project development volume of around 700 million euros. "This requires the corporate structures to grow organically as well", emphasizes Gerd Hebebrand, CEO of P+B Group.

Markus Volk initially spent several months as technical director of P+B Group before being appointed managing director. "During this time we were able to convince ourselves in day‐to‐day practice of his excellent expertise and sound know‐how as a project developer. With Markus Volk, we have gained a proven manager with whom we are well prepared for our further growth", explains Gerd Hebebrand.

Before joining P+B Group, Volk, a graduate civil engineer (FH) and master of business administration (VWA), spent many years in leading positions at STRABAG Real Estate GmbH and Ed. Züblin AG. As to his new role, Markus Volk explains: "As a company that is not dependent on banks, P+B Group is one of the most exciting project developers in Germany. The flat hierarchies and fast decision‐making processes open up new scope for me as a COO, which hardly exists anywhere else. Together with the highly effective P+B team, my aim is to continuously optimise the Group's already outstanding quality standards and lead P+B's project developments to sustained success".

About P+B Group:

P+B Group, headquartered in Sankt Augustin near Bonn, is a renowned property developer and project developer boasting more than 15 years of market presence and a compelling track record. The project volume realised to date amounts to around 600 million euros.

P+B creates real estate values that stand for long-term value creation and sustainable asset growth. The product range of P+B extends from single-family homes, to multi-storey residential buildings and student apartments, to exclusive urban neighbourhoods such as Parkend in Frankfurt's Europaviertel. The company's portfolio also includes commercial real estate. In addition to hotel apartments and retail space, office premises and hotels are under planning.

P+B works independently of banks and implements its projects with a high proportion of equity capital thanks to shareholders with excellent credit ratings. With a workforce of now 40 at the Sankt Augustin, Frankfurt and soon-to-be-added Stuttgart locations as well as a project development volume of approx. 700 million euros, P+B Group is continuing to grow.

Media contact: PRBecher | Ulrich Becher | Phone: +49-(0)228-9180836 | Mobile: +49-(0)177-2448838 | Email: u.becher[at]PRBecher.de