French investment manager L’Etoile Properties has announced during MIPIM in Cannes that it has more than doubled its managed real estate portfolio in Germany.
French investment manager L’Etoile Properties has announced during MIPIM in Cannes that it has more than doubled its managed real estate portfolio in Germany.
At the end of 2014, L’Etoile Properties had acquired and was managing a stock totalling 190,000 m2, valued at around €400 mln. By the end of 2015, the company was able to increase this to 423,000 m2, with a value of over €1.1 bn. A further €260 mln of transactions has already been carried out in 2016.
L’Etoile Properties is an international property service provider. The company established its Paris headquarters in 1990 and now maintains seven additional offices in London, Hamburg, Rotterdam, Madrid, Seoul, Singapore and Luxembourg.
L’Etoile Properties sees itself as a 'one-stop shop', accompanying international investors as a long-term partner throughout a property’s investment cycle. This begins with the object procurement and purchase, followed by full-scale property management consisting of asset, property and facility management as well as the corporate management that L’Etoile Properties assumes on behalf of its investors.
Overall, the group currently has more than 250 properties in stock, with a total investment volume nearing €4 bn managed by around 80 employees.
