Citicourt Investment Partners has assigned Frankfurt firm PropertyOne to manage a portfolio of 19 commercial assets in Germany. PropertyOne said the British company assigned the management of the assets on behalf of foreign property companies on 1 March 2009. The portfolio comprises 39,000 m[sup]2[/sup] of office, commercial and retail space.
Citicourt Investment Partners has assigned Frankfurt firm PropertyOne to manage a portfolio of 19 commercial assets in Germany. PropertyOne said the British company assigned the management of the assets on behalf of foreign property companies on 1 March 2009. The portfolio comprises 39,000 m2 of office, commercial and retail space.
'The reason why we received the management is because we set our focus to work with foreign customers', said Guido Beddig, managing director of PropertyOne. 'We work in principal bilingual and are experienced in the special reporting and service requirements of our foreign clients'.
Some 75% of PropertyOne's business connections are with foreign investors with real estate properties in Germany.
