Bilfinger Real Estate is to manage a 307,000 m2 office-retail portfolio on behalf of SEB Asset Management in Germany. The pair signed the management contract at MIPIM in Cannes on Wednesday.
Bilfinger Real Estate is to manage a 307,000 m2 office-retail portfolio on behalf of SEB Asset Management in Germany. The pair signed the management contract at MIPIM in Cannes on Wednesday.
Under the agreement Bilfinger will be responsible for the property management as well as technical and infrastructural facility management of the 23 properties in the portfolio.
The office and retail buildings are located in Hamburg, Berlin, the Rhine-Ruhr region, Frankfurt as well as in southern Germany. Bilfinger Real Estate had already been engaged as property manager of 17 of the properties since 2008. Under the latest agreement, the companies have agreed an expanded bundle of services in line with the real estate services provider's broad consulting and management offering.
Part of Bilfinger SE, the international engineering and services group, Bilfinger Real Estate offers integrated management and consulting services for all real estate properties from a single source.
Bilfinger Real Estate has 3,000 employees and €54 bn assets under management across 20 countries.
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