Essen-based Hochtief will take over the management of 150 properties owned by AMB Generali Immobilien, the third-largest direct insurance company in Germany and a subsidiary of Italy's Assicurazioni Generali. Several of the assets, which are spread across Germany, have been developed by Hochtief. The contract is initially for a period of two years and involves Hochtief's subsidiary Hochtief Facility Management, the firm said in a press release.

Essen-based Hochtief will take over the management of 150 properties owned by AMB Generali Immobilien, the third-largest direct insurance company in Germany and a subsidiary of Italy's Assicurazioni Generali. Several of the assets, which are spread across Germany, have been developed by Hochtief. The contract is initially for a period of two years and involves Hochtief's subsidiary Hochtief Facility Management, the firm said in a press release.