GRR wins mandate to manage EUR 240m of assets

By A staff reporter 2009-12-23T00:00:00+00:00

Germany's GRR Real Estate Management (GRR REM) has said it has received a mandate from an international investor for the management of assets totalling around EUR 240 mln. The portfolio consists of 42 properties located throughout Germany. Predominantly in the retail sector, the properties have a total area of just under 200,000 m[sup]2[/sup] and are let to notable anchor tenants from among Germany's top 20 retailers.

Germany's GRR Real Estate Management (GRR REM) has said it has received a mandate from an international investor for the management of assets totalling around EUR 240 mln. The portfolio consists of 42 properties located throughout Germany. Predominantly in the retail sector, the properties have a total area of just under 200,000 m² and are let to notable anchor tenants from among Germany's top 20 retailers.

GRR REM's mandate includes both operational asset management and letting.