Bilfinger Real Estate has been appointed to manage 127 office and retail properties offering a total of 475,000 m2 in the Netherlands.

Bilfinger Real Estate has been appointed to manage 127 office and retail properties offering a total of 475,000 m2 in the Netherlands.

As of January 1, 2014, Bilfinger Real Estate will take on the property management for the Dutch real estate portfolio, which is owned by fund initiator Annexum.

The portfolio will be managed by Bilfinger's Dutch subsidiary, Bilfinger Real Estate Netherlands, from its locations in Utrecht, Amsterdam, Apeldoorn and Eindhoven.

Patrick Kremer, managing director of Bilfinger Real Estate Netherlands, said the Annexum portfolio is the second major property management contract to have been secured by the company this year.

In October, Bilfinger signed a property management contract with German fund manager Commerz Real for a Dutch portfolio of the hausInvest fund comprising almost 338,000 m2 of leasable space.

'The two new contracts will increase the space under management in the Netherlands by 813,000 m2 to around 2.7 million m2 of space in total at the beginning of 2014,' said Kremer.