Olivia Kaussen will head up hospitality sector from September
The 12 warehouses are in the Nürnberg, Ingolstadt, Augsburg and Munich regions
Position had been vacant for more than six months
French seller rejects exclusive bid reflecting 5% gross yield
The 10,900 sq m property sits between Duisburg and Düsseldorf
Share price drops by 17% after massive devaluation
Open-ended vehicle aims to raise cash and streamline portfolio
Administrator has started talks with management and senior lenders
Tendering process to start this year