ESMT Berlin sells Schloss Gracht and moves ahead with international expansion
As a result of this successful process, ESMT is placing its focus in Germany on its main campus in Berlin and selling Schloss Gracht as of November 30, 2018. At the same time, ESMT is expanding its international and digital competencies. The new owner of Schloss Gracht is the Panzer family. The castle is being developed into a center for stress medicine and prevention. Furthermore, scientific and university research projects are to be carried out at the site through national and international cooperations. All employees at the Schloss Gracht location will receive an offer of employment.
“Schloss Gracht is and will remain an important part of our history. We would like to thank our colleagues for their great service and for the successful development in executive education and of the hotel,” said Prof. Jörg Rocholl, President of ESMT. “Our executive education programs, held in English and German, are a central component of our teaching activities, and we plan to continue growing our portfolio in Berlin and around the world.”
In order to promote further development abroad, ESMT opened a branch office in Shanghai, China, in 2017. From autumn 2018, the school will also offer a dual Executive Master of Business Administration/Master of Public Administration (Executive MBA/MPA) in Doha, Qatar.
“In recent years, ESMT has developed exceptionally, both academically and economically. This sale allows ESMT to accelerate its international and digital expansion. The Board of Trustees of the ESMT Foundation welcomes this strategic direction,” said Dr. Dieter Zetsche, Chairman of the Board of Trustees and CEO of Daimler AG.
ESMT is consistently increasing its competence in online education. Starting in autumn of this year, it will offer online and so-called “blended” programs on a platform developed together with other leading international academic partners. “Blended” describes executive education and degree programs that include both an online and a classroom component. “We are seizing the market opportunities arising from digitalization and plan to advance ESMT to a market leader in digital education,” said Dr. Norbert Sack, Dean of Executive Education.
About ESMT Berlin
ESMT Berlin is a leading global business school with its campus in the heart of Berlin. Founded by 25 global companies, ESMT offers master, MBA, and PhD programs, as well as executive education on its campus in Berlin, in locations around the world, online, and in online blended format. Focusing on leadership, innovation, and analytics, its diverse faculty publishes outstanding research in top academic journals. Additionally, the international business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is a non-profit private institution of higher education with the right to grant PhDs and is accredited by AACSB, AMBA, EQUIS, and ZEvA. It is committed to diversity, equity, and inclusion across all its activities and communities.
