Primonial CEO Juergen Fenk resigns – Fléchet takes reins

Paris-headquartered Primonial REIM’s CEO Juergen Fenk has announced his resignation from the post that he took up less than two years ago.

In a statement the company said on Monday : “It is with regret that Primonial REIM has taken note of the resignation of Juergen Fenk from his mandate at Primonial REIM, to pursue other activities.”

Fenk, who joined Primonial REIM as CEO on 1 March 2021, was responsible for setting up Primonial REIM’s European platform.

Primonial REIM Holding chairman Laurent Fléchet will assume Fenk’s responsibilities.

Fenk, an economics graduate of the University of Munich, who has worked in real estate, capital market and banking for about 30 years, including roles at Helaba and Bawag, joined Primonial from Signa Group, where he was a member of the executive committee and CEO of Signa Innovations.

He is currently a member of the supervisory board of residential specialist Vonovia and he is a global governing trustee of the Urban Land Institute, having served as chair of ULI Europe until June 2020.

In a statement on LinkedIn, Fenk said that the decision to depart Primonial followed “much thought and consideration.”

“I am proud of all that we have accomplished together. Primonial REIM today is one of the leading real-estate asset managers in Europe with over €34 billion in assets under management and professional teams based in France, Germany, Italy, Luxembourg, the UK and Singapore,” Fenk said.

He gave no indication of his next step, merely adding that he is “looking forward to new adventures.”