NAI apollo asset management in Germany has said it has be picked by Cambridge Place, a specialist global institutional investment management group, to manage the 580,000 m[sup]2[/sup] EB8 portfolio The portfolio contains 22 properties with office and storage space.
NAI apollo asset management in Germany has said it has be picked by Cambridge Place, a specialist global institutional investment management group, to manage the 580,000 m2 EB8 portfolio The portfolio contains 22 properties with office and storage space.
In addition, the mandate to manage a second portfolio with 12 properties was placed with NAI apollo asset management through a banking service company. The 67,000 m2 wide area is divided into retail and office space.
Together these portfolios have a value of EUR 200 mln. NAI apollo asset management manages properties with a total value of over EUR 850 mln.
'There are different sorts of asset managers', said Horst Jaletzky FRICS, managing partner of NAI apollo asset management.
'We realise that investors are starting to look more closely again, quickly identify shortfall due to lacking expertise and place their portfolios with more experienced companies with a strong track record. Portfolios need to be handled actively, require presence and experience of the involved asset manager.'
