IC Assumes Property Management for another Asset from IM Properties

“Burg Center” in Stolberg completes the total contract for Germany portfolio of this British investor

Unterschleissheim near Munich, June 10, 2011 – IC PropertyOne Asset & Real Estate Management GmbH, an IC Immobilien Gruppe member company, has taken over the property management for another asset held by the UK-based real estate company IM Properties.IC will handle the centre management, letting activities, as well as the technical and commercial property management for the “Burg Center” shopping centre in Stolberg near Aachen.As it were, this put the company with seat in Unterschleissheim near Munich in charge of the entire Germany portfolio of this British investor.

The Burg Center shopping mall is located close to the town centre of Stolberg, which has a population of 58,000, and offers a gross lettable area of 5,800 square metres. The mall is let to 90 percent to 14 retail companies, including well-known chain retailers such as Kaufland, Tedi, Rossmann, Apollo Optik and Reno.Altogether, the Germany portfolio of IM Properties includes 10 properties with a gross lettable area of 120,000 square metres.

About IC Immobilien Gruppe:

IC Immobilien Gruppe handles the asset management and property management for German and international institutional investors.Seated in Unterschleissheim near Munich, the company also manages proprietary and third-party real estate investment funds.IC maintains a staff of about 200 professionals, deployed at eight locations throughout Germany and at one office in North America.All things considered, IC Immobilien Gruppe manages more than 20,000 private and institutional accounts and has more than 8.5 billion Euros in investment assets under management. 

Contact
Stephan Holeczek
IC Immobilien Holding AG
Ohmstrasse 4
D-85716 Unterschleissheim
Tel.: +49 (0)89 / 55 22 7 - 362
Fax: +49 (0)89 / 55 22 7 - 355
E-mail: <link>investor.relations@ic-group.de