Garigal to manage C & R German retail portfolio

Frankfurt-based Garigal Retail Immobilien has partnered with Capital & Regional and Area Property Partners to manage their German retail portfolio.

This will bring Garigal’s combined assets under management to over 100 retail properties that have over 743,000 m² of net lettable area.

Garigal's investment philosophy of ensuring capital preservation and steadily increasing income returns for its investors, is achieved by selecting a mix of retail properties that combines long-term contractual rental income, asset management opportunities, and some pure development.

Its specialist retail team then works to enhance the value of these properties through delivery of structured asset management plans. In the last year Garigal has negotiated over EUR 5 mln in leases, gained planning permission for over 18,600 m² of new retail lettable area and constructed 4,600 m² of new retail space.