Timo Herzberg: Prime leadership, Havit and later mandates

analysisThis profile links the leadership chronology to the distinct corporate chains without inferring beneficial ownership from a managerial mandate or sharing an allegation with neighbouring participants. ^{1 2 3 4 5 6 7}

analysisPrime’s 2019 accounts list Timo Herzberg as a management-board member from 1 January 2017, alongside Stadlhuber, Pirolt and Sauerbier. Reporting describes his earlier COO role from 2016, leadership of the German business from 2018 and appointment by Benko to lead Prime and Development in mid-2021. It attributes to insiders approximately EUR22 million of a reported EUR28 million manager-bonus total in 2022. The account rounds the stated 80% share; that estimate is different from a verified individual compensation ledger. ^{1 2}

qualification

The approximate EUR 22 million bonus is an insider-attributed estimate; 80% of EUR 28 million is EUR 22.4 million, and the account rounds.

analysisHis project-company mandates remain separate from those group offices. A historical register summary names Herzberg and Bernhard Jost as managers at the establishment of SPS Vierte Immobilienmanagement in August 2017, later Hamburg, Elbtower Immobilienmanagement. A September 2025 entry records Bernhard Chwátal and three unnamed departing managers, which does not identify Herzberg’s exact departure date. The property’s group participation and the project company’s individual officers are different layers of the relationship. ^{3 1}

qualification

The September 2025 departing managers are unnamed in this entry; Herzberg’s exact cessation cannot be assigned mechanically to that date.

analysisHerzberg was dismissed without notice from Prime and Development in December 2023 amid allegations of serious misconduct. Reporting alleged that Havit obtained below-market rent in Berlin’s Beam project and unusually high fit-out subsidies, with a proposed criminal complaint and alleged losses in the low double-digit millions. Cherry Capital was reported to hold 60% of Havit Spaces Holding, with the remainder through other former Signa employees’ companies. The company names and corporate shareholding path are retained separately from an allegation that particular terms harmed Signa. ¹

qualification

Suspected misconduct, favourable terms and estimated low double-digit million losses were reported allegations. Dismissal and proposed complaint are distinct from a criminal finding.

response

Herzberg rejected the allegations through lawyer Georg Muhri.

outcome

Dismissal took effect in December 2023; no final outcome on the misconduct allegations was found in the inspected passages.

analysisThe register summaries record Herzberg managing Cherry Capital from November 2011 and Geinsheim from January 2016 after an earlier 2010 mandate. Geinsheim is the general partner of Cherry Vermögensverwaltungs GmbH & Co KG, which is listed as Supra InvestCo’s limited partner. Cherry Capital and Cherry Vermögensverwaltungs are distinct companies. The chain establishes managerial and partnership relationships, but does not disclose the limited partners behind Cherry or prove a particular ultimate percentage owned by Herzberg. Separate December 2023 reporting attributes indirect Supra InvestCo ownership to him; its evidentiary basis remains different from the register’s formal roles. ^{1 2 3 4 5}

qualification

A director and general-partner chain is not proof of a person’s beneficial ownership or the limited partners behind Cherry.

analysisThe later summaries record Herzberg at the establishment of Bella Coola Bay in October 2024 and PropVisionX in May 2025, the latter with another manager. They also record him and Tobias Sauerbier as joint liquidators of SPS Fünfundvierzig Management from February 2026. These later offices show activity beyond the former Prime leadership role. An appointment without a later departure in the inspected summary is recorded as a dated mandate with subsequent status unknown, rather than silently promoted to a current-at-cutoff office. ^{1 6}

qualification

The register summaries provide the stated appointments; they do not prove continuing service at the cutoff where a later end is unrecorded.