CBRE appointed property manager for Deka Immobilien France Portfolio (FR)

CB Richard Ellis today announced that it has been appointed by Deka Immobilien GmbH as a property manager on half of its portfolio of properties in France. CBRE will manage 12 office, retail and logistics buildings which cover a total of 163,591 m² and are located in and around Paris.

The portfolio includes office building 'Le Centorial', which covers 34,501 m². CBRE's Building Consultancy team monitored the redevelopment of this stunning 19th century building located in the heart of Paris in 2003. The EQWater building is also of particular note and will provide for 15,909 m² of sustainable office space.

Nigel Biggs, Head of European Property & Asset Management, CBRE, said: "We are delighted to have won this important instruction to manage for Deka Immobilien in Paris. We already manage portfolios in a number of countries for Deka Immobilien and this will further strengthen our relationship. Effective management plays an important part in maximizing returns on investments and we look forward to working with Deka Immobilien to achieve this goal."

This appointment further strengths the already well-established relationship CBRE has with Deka Immobilien across many service areas in Europe. CBRE's Property & Asset Management team actively managed properties in Austria, Spain and the UK for the client.

Source: CBRE

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