Former INREV CEO starts at GIG Group

'With Professor Thomas, we have gained an expert for the strategic development of our company,' commented Torsten Hannusch, managing partner of the GIG Group.

'He expanded INREV into the leading platform for non-listed real estate investment products. While doing so, he also developed a personal network of German and international property investors and asset managers. These are potential customers for us who are looking to find operational solutions from a single source rather than having to manage various service providers,' Hannusch added.

GIG Group currently manages properties worth more than €25 bn in technical and infrastructural facility management as well as commercial facility management. These include around 130,000 residential units and some 480 commercial properties such as office buildings, logistics and retail properties, hotels, hospitals and business properties, as well as large-scale industrial, business and chemical parks. In addition, GIG develops modernisation and energy concepts for clients.

'The size of the property portfolio under management, the extensive expertise in types of use, the local presence throughout Germany and the depth and breadth of the property management services are ideal conditions for developing an integrated digital platform. This combination was the reason why I chose to take on this exciting role at the GIG Group,' said Thomas.

GIG already has a fully digitalised product for processing minor repairs in residential properties that is used for more than 70,000 apartments.

'With our innovation team, we are always working with our customers to find the next level of facility and property management,' added Hannusch. 'I am convinced that in just five years’ time, orders will be processed entirely digitally. We aim to be innovation leaders and pioneers in this process. In order to achieve this goal, we will also invest strategically in further proptech companies when this is expedient.'