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In 2008, Mr. Grossnagel took over the company’s shares and became General Manager of Immowest Hungary. Previously, he was a managing partner for the International Consulting Group and managed a Swiss subsidiary in Budapest.

Mr. Grossnagel holds a Master degree in Business Administration from the Buckinghamshire Chilterns University College, a Master of Science in Real Estate from the Nottingham Trent University, a degree in Industrial Engineering from the Fachhochschule Ludwigshafen and a degree in Mechanical Engineering from the Berufsakademie Ravensburg.