Our Management 

Miles Stephenson


Miles Stephenson is the Chief Executive Officer of Garigal and is an experienced retail investment and development executive. Miles founded Garigal to invest in, manage and develop retail assets. After raising equity he negotiated and completed purchase transactions, established the German team and ensures that Garigal's strategy delivers to its investors expectations Prior to founding Garigal, Miles was at Macquarie (Macquarie Global Property Advisors) where he managed and underwrote investments in Germany, the UK and Spain. He worked for international shopping centre developer and manager Lend Lease Europe, where he was involved in the development of Bluewater Shopping centre (the largest shopping centre in Europe) as well as retail schemes in Spain, Portugal, Scotland and Australia. Miles was a development manager at Ipoh Garden Berhard where he was responsible for additions, renovations and extensions of their city centre shopping centres, as well as being a construction engineer for Walker Civil Engineering. He holds a Degree in Civil Engineering from Sydney University, a Masters in Business Administration from Manchester University and a Graduate Diploma in Finance and Investment from the Securities Institute of Australia.

Roger Welz

Managing Director

Roger Welz is the Chief Financial Officer of Garigal and Geschäftsführer of Garigal Asset Management. Roger Welz has over 29 years experience in the real estate investment business. After 7 years in the Deutsche Bank with responsibility for the closed-end property fund business and foreign investments, he worked from 1992 with the establishment of Commerz Real and was responsible for Controlling, valuation, tax and treasury. In 2001 Mr. Welz took over as managing director responsible for the institutional real estate fund business. At CommerzReal Mr. Welz initiated seven Spezial Funds with an investment volume of over € 2.5bn. Leaving CommezReal in 2006 he took managing director positions at MEAG MUNICH ERGO Investment Company, Aberdeen Real Estate investment company and WertSecur.

Frank Schneider

Head of Property Management

Frank Schneider is the head of property management with over 22 years of property management experience. He is an accountant Bilanzbuchhalter (IHK) and began his carreer working as an assistant tax accountant. Mr Schneider was one of the founders of MGI property management where he was signatory for the management board and founded their North Rhein Westphalia branch office. After leaving MGI he was the managing director of WISAG security management that manages real estate security and has over 1,300 employers. His last position was head of property and facility management at Imoplan for Rhein-Main where he had 20 employees and had management responsibility for over 1,000,000sqm of commercial property.

Thomas Haeser

Director Shopping Center Management

Thomas Haeser is responsible for the Shopping Center Management Services of Garigal in Germany Additionally he is responsible for the acquisition of new customers in his position. Before joining Garigal he was working inter alia for Metro Group Asset Management (now Metro Properties) and responsible for center management in East Germany and temporarily for the complete Center Marketing in Germany. Then Mr. Haeser worked as a consultant for companies in the real estate industry - both for shopping center developers and service providers, as well as for real estate portfolio holders for several years. Mr. Haeser has 25 years of professional experience in commercial real estate and retail. He is an expert on the optimization of existing retail areas, for analysis and assessments of sites and the design and development of holistic retail concepts.

OUR GUIDING PRINCIPLES: Customer Focused // Sustainability // Professionalism // Teamwork