The IPH Group will take over the full center management of the Esslingen shopping center DAS ES! on July 1, 2026. The mandate includes technical and commercial property management, operations and leasing. The almost 23,000-square-metre shopping centre, which includes classic retail as well as office space and a medical centre, has been part of the portfolio of Union Investment's open-ended real estate fund UniImmo: Deutschland since 2015.
"IPH convinced us with its methodological approach and its ability to develop property-specific solutions. This means that we see the centre in very good hands for future positioning," says Carsten Freitag, Head of Asset Management Retail at Union Investment.
We are very pleased about the trust that Union Investment has placed in us with this mandate. THE IT! impressively shows that efficient retail locations can also be established in medium-sized cities. With a tailor-made asset and letting strategy, we want to further optimise the space performance and the supply structure," adds Lars Jähnichen, Managing Director of the IPH Group.
THE IT! is centrally located directly opposite the Esslingen train station and has very good connections to private transport and public transport.
The centre comprises retail on two levels with a broad mix of uses – from fashion and textile suppliers to drugstores and health services to an organic supermarket and electronics retailers. The offer is supplemented by a large number of doctors and other office tenants.
