IC PropertyOne Takes over Property Management for Nine Assets Owned by IM Properties
Unterschleissheim near Munich, May 12, 2011 – IC PropertyOne Asset und Real Estate Management GmbH, a company belonging to IC Immobilien Gruppe, took over the property management for a total of nine assets belonging to British investor IM Properties.IC PropertyOne has taken charge both of the technical and the commercial property management as well as of the letting services at all nine of these properties.
In addition, IC PropertyOne’s area of responsibility will also include the centre management for the client’s shopping centres in Dresden and Wittlich and for a retail park in Gera.The portfolio, which also includes logistics properties, is managed by the nationwide network of IC Immobilien Gruppe branches and benefits from the decentralised positioning of IC PropertyOne and its principle of quick decision-making processes.
Overall, IC has thus taken over the management of more than 114,000 square metres of lettable area and a current rent roll of 71 tenants.The management agreement signed for a three-year term. „We have been impressed with how proactive and organised they have been and expect our tenants to benefit from the positive approach IC Group are showing to the management of our properties“, says Tim Wooldridge, Managing Director of IM Properties PLC.
About IC Immobilien Gruppe:
IC Immobilien Group focuses on Asset and Property Management Services for German and international institutional investors.In addition, it assumes management tasks both for real estate funds launched in its own right and for third parties.At the moment, IC Immobilien Gruppe has approx. 8.5 billion Euros in investment assets under management.The group maintains a staff of about 200 professionals, deployed at eight locations throughout Germany and at one office in North America.IC Immobilien Group manages a total of more than 20,000 private and institutional investors.
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
