Berlin-based hybrid real estate agency McMakler has appointed Philipp Niemann (LinkedIn profile) as its chief revenue officer. He will be responsible for the struggling company’s sales and brokerage operations in Germany and Austria.

“His extensive experience in developing sales organizations and managing large teams is crucial for McMakler to set up our broker team as efficiently as possible and to further expand our position in the market,” said company co-founder and CEO Felix Jahn.

Niemann has several years of experience in management positions in national and international real estate and brokerage companies. Prior to joining McMakler, he was managing director for the DACH region (Germany, Austria and Switzerland) at Hamburg-based Engel & Völkers.

“I am very much looking forward to continuing McMakler’s success story together with our strong teams, even in a difficult market environment, and becoming the No. 1 real estate agent in Germany,” he said.

Niemann’s arrival comes at a difficult time for McMakler. It has laid off hundreds of employees in less than a year. The company managed to raise €20 million ($21.7 million U.S.) in investment in July, but this deal halved its valuation to around €400 million ($436 million U.S.).

Founded in 2015 in Berlin by Jahn, Hanno Heintzenberg and Lukas Pieczonka, McMakler says it provides property market services that combine human expertise with automated real estate appraisal. It also provides financial consultancy and investment management services.

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