IC Immobilien Gruppe awarded property management mandate for approx. 80,000 m² by MEAG

IC Immobilien Gruppe is assuming the property management for a total of nine retail parks with approx. 80,000 square metres of leasable space for MEAG, the asset manager of Munich Re and ERGO, by December 2021 at the latest.

The properties form a nationwide, diversified portfolio of retail parks and retail warehouses with an occupancy ratio of nearly 100 percent. The tenant structure encompasses a sustainable mix of local suppliers and amenities, drugstores, do-it-yourself stores, other retailers and complementary office users.

“Highly diversified portfolios, both in terms of their geography and usage types, and in particular in the retail park segment, are a field in which we can ideally utilise our competence as a holistic real estate services provider,” comments Markus Reinert, the Chairman and CEO of IC Immobilien Holding GmbH, adding: “We are very pleased that we have been able to once again significantly expand the collaboration with our long-standing client MEAG.”

“We very much welcome the fact that in IC Gruppe we have a strong and competent partner on hand to manage this significant growth in fund properties in decentralised locations. We would like to thank all the participants for their commitment to date and look forward to a continuation of the excellent and successful cooperation,” says Elisabeth Jander, Head of Real Estate Asset Management Germany at MEAG.