IC Immobilien Gruppe awarded new property management mandates by Shaftesbury

• New mandates to manage office buildings in Düsseldorf and Frankfurt with more than 14,500 square metres of rental space

IC Immobilien Gruppe has been awarded two new property management mandates for office properties in Frankfurt and Düsseldorf by Shaftesbury Asset Management (Germany) GmbH. The two new mandates cover rental space of approximately 14,500 square metres.

The first property, Neuer Zollhof 3, an office and commercial property designed by the architect Frank Gehry, has a total rental area of 10,679 square metres. The property management mandate for this property comprises commercial, technical and accounting property management services. This prominent building is part of the Düsseldorf Zollhof ensemble, which was completed in 1999. In addition, IC Immobilien Gruppe was appointed in January to provide commercial, technical and accounting property management services for an office and commercial building at Bleidenstrasse 6-10 in Frankfurt. The building, constructed in 1972, has a total rental area of 3,854 square meters.

IC Immobilien Gruppe was awarded another property management mandate for an office property on Junghofstrasse in Frankfurt in November 2017, which means that the company now holds three mandates from Shaftesbury Asset Management (Germany) GmbH. “These mandates demonstrate our competence in property management and the trust that Shaftesbury Asset Management GmbH places in the quality and delivery of our services”, said Markus Reinert FRICS, Chairman and CEO of IC Immobilien Holding AG.

Shaftesbury Asset Management Group (SAM Group) is a real estate fund and asset management firm and is headquartered in Luxembourg. The group was founded in 1983 and its Managing Partners, Miles d'Arcy-Irvine, Philippe Camus and Yves de Kerdanet, are all well-recognised real estate experts. The Group expanded its wealth management activities in 2012 and opened an office in Geneva. The SAM Group currently manages more than EUR 2 billion in real estate assets for its institutional and wealth management clients. SAM pursues a variety of investment strategies (core, core-plus, value-add and opportunistic) in a wide range of real estate asset classes (office, retail, hotel, residential, etc.) across Europe.

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