Gateway Real Estate AG appointed Holger Lüth as its new CFO to replace Tobias Meibom, effective Sept. 1.

Lüth was previously head of corporate finance and investor relations at Austria's BUWOG AG, and played a role in the company's €5.2 billion merger with Germany's Vonovia SE.

Manfred Hillebrand, CEO of the German commercial and residential property company, will also leave his post, according to a news release. No successor has been named for Hillebrand yet.

Meibom and Hillebrand will help support the executive transition process until 2018-end.