INDUSTRIA Immobilien, the asset and property manager from Frankfurt am Main specialising in residential real estate and part of the Becken Group, was able to win two new asset management mandates with a volume of around 230 million euros. These comprise a total of around 1,650 units with a total of approx. 118,000 square metres of rental space throughout Germany. These are residential real estate portfolios with portfolios of different ages and individual commercial units. In addition to asset management, INDUSTRIA has also taken over property management for the majority of the units. The mandates are mandated by the capital management companies HANSAINVEST and Institutional Investment Partners. The two new mandates will increase INDUSTRIA’s assets under management to around 5.8 billion euros.
“We are very pleased that we were able to prevail in the competition for these mandates and that HANSAINVEST and Institutional Investment Partners as well as the respective investors have placed their trust in us,” says Thomas Wirtz (FRICS), Managing Director of INDUSTRIA. “The new mandates confirm the path we took last year of also offering the management of residential real estate funds that have already been launched. Our experience in the onboarding of complex portfolio portfolios combined with our many years of expertise in the holistic management of residential real estate form the foundation for the best possible repositioning and support of the properties. Especially in the case of existing portfolios, it is important to analyse the properties intensively at the beginning and to develop strategies to maintain or increase their value.”
Jürgen Hau, Managing Director of INDUSTRIA and responsible for property management, adds: “INDUSTRIA intends to continue to grow in the areas of asset and property management for third parties. The mandates won show that there is also a demand for competent management of older portfolios, especially in a challenging market environment. Our goal is to quickly integrate the acquired units into active management, implement maintenance and modernization measures and thus create sustainable added value for investors.”
