Bilfinger Real Estate has won a management contract for 13 German retail properties from the portfolios of two open special alternative investment funds from TH Real Estate.
Bilfinger Real Estate has won a management contract for 13 German retail properties from the portfolios of two open special alternative investment funds from TH Real Estate.
The real-estate services provider assumes responsibility for the rental and property management services. Depending on the individual needs of each property, Bilfinger Real Estate will also take responsibility for center management of the retail properties.
The retail parks and shopping centers are part of the special alternative investment funds “German Retail Income Fund” and “Core German Retail Fund”, which are run by Service-KVG IntReal. The properties are in Lower Saxony, Berlin, North Rhine-Westphalia, Hesse, Baden-Württemberg and Bavaria and have a total rental space of approximately 130,000 square meters.
Together with the center management contracts for the Neumarkt Galerie in Cologne and the RheinBerg Galerie in Bergisch-Gladbach from Deka Immobilien, both announced in September, Bilfinger Real Estate has now won new management mandates for over 200,000 square meters of retail space in Germany this year. The real estate services provider currently manages 35 shopping centers and retail centers for clients throughout Germany.
Across Europe, Bilfinger Real Estate manages 85 shopping centers, retail centers and retail properties with a total area of three million square meters on behalf of fund managers, investors and developers. The range of services for retail properties includes center management, rental, commercial and technical property management and consultation on location and regeneration concepts. Furthermore, Bilfinger Real Estate supports the expansion activities of international retailers in Europe from its branches in Germany, the UK, the Netherlands, Switzerland, Poland and Turkey.
As part of the global engineering and services group Bilfinger SE, Bilfinger Real Estate provides integrated management and consulting services for real estate of all types of use. With offices in over 20 countries, Bilfinger Real Estate provides support for fund companies, insurance companies, banks, the public sector, developers, owners and users in all real estate-related decisions – ranging from investment through development, management and optimisation all the way to sales. With 3,000 employees and EUR 54 billion in assets under management, the Group is among the leading real estate services providers in Europe.