Kenmore Property Group has opened its first German office in Berlin, with Daniel Herrmann appointed as managing director. Kenmore has been active in the German market since early 2005 and has approximately EUR 140 mln of assets under management in Germany. The company is seeking to increase the volume of its investments. 'By having a presence on the ground, Kenmore believes it will be better placed to build on its existing relationships and help continue to build the portfolio by sourcing new opportunities,' Kenmore said.
Kenmore Property Group has opened its first German office in Berlin, with Daniel Herrmann appointed as managing director. Kenmore has been active in the German market since early 2005 and has approximately EUR 140 mln of assets under management in Germany. The company is seeking to increase the volume of its investments. 'By having a presence on the ground, Kenmore believes it will be better placed to build on its existing relationships and help continue to build the portfolio by sourcing new opportunities,' Kenmore said.
Kenmore's European property portfolio grew from EUR 330 m to EUR 600m in 2006 and the company has forecast it will break through the EUR 1 bn mark this year. Worldwide, Kenmore currently has EUR 2.2 bn assets under management.
