Rowan Asset Management announced on Friday that it has awarded a contract to a joint venture of Imoplan and Frankfurt-based Skim for the property management of the EUR 180 mln Andreas property fund in Germany. Rowan acquired the private equity German property fund in March 2006. The 100,000 m[sup]2[/sup] portfolio comprises six retail warehouses, a shopping centre and two fast-food outlets in northern and western Germany.
Rowan Asset Management announced on Friday that it has awarded a contract to a joint venture of Imoplan and Frankfurt-based Skim for the property management of the EUR 180 mln Andreas property fund in Germany. Rowan acquired the private equity German property fund in March 2006. The 100,000 m2 portfolio comprises six retail warehouses, a shopping centre and two fast-food outlets in northern and western Germany.
Imoplan provides a range of management services for almost one million m2 of commercial and residential property space in Germany. Frankfurt-based Schüler Knedel Immobilienmanagement (Skim) offers all aspects of asset and property management as well as fund and finance management.
Rowan is a privately owned property company and fund manager based in the UK. The company has received some £500 mln (EUR ) in mandates so far this year.
