As of January 1, 2014, Bilfinger Real Estate has taken over the asset management units specializing in transport and infrastructure projects of the dissolved Project Investments division of the Bilfinger Group.
From locations in four economic centers in the UK (London), Germany (Rhine-Main), Canada (Toronto), and Australia (Melbourne), the division, which has been renamed Bilfinger RE Asset Management within the Bilfinger Real Estate Group, currently manages 35 transport and infrastructure projects with a combined value of € 7 billion. The takeover has added infrastructure to the types of use previously managed by Bilfinger Real Estate (office, shopping, commercial & logistics, residential and hotel). The real estate portfolio managed by the Company has grown to a total of € 40 billion in assets under management.
The integration of the division is in line with the Bilfinger Real Estate Group's strategy of pursuing international growth and being able to offer clients advice and support for their investment activities on a transnational basis.
Aydin Karaduman, Chairman and Managing Director of Bilfinger Real Estate, explains: "In our new division, we have gained a lot of know-how in financing, managing, and supporting complex infrastructure projects and public facilities.
Source: Bilfinger Real Estate