As part of its repositioning as an integrated Investment and Asset Manager, IVG is reorganising its operations in its domestic market of Germany and in the rest of Europe. From January 2013, the real estate assets managed by IVG for its own account and for institutional and private investors, with a volume of over 20 billion, will be administered by large regional divisions and associated branch offices.
"With our new structure, we will continue to manage the existing portfolio with our own employees locally in order to optimally implement the desired growth targets," announced the Managing Directors of IVG Asset Management GmbH, Peter Forster, Oliver Zimper and Christoph Nebl. "There will be no change in the local presence of IVG's branches with dedicated real estate experts in the key European real estate locations."
The North Europe region, which will have its head office in Stockholm, will be managed by Marlene Akerberg, who was previously responsible for IVG's Stockholm branch and will now also head the Helsinki branch. The North Europe region encompasses the markets in Sweden and Finland.
The markets in Italy, Hungary, the Czech Republic and Austria, including the branches in Milan and Budapest, will form the Southeast Europe region and be managed by Herwig Teufelsdorfer from the regional head office in Vienna.
Christopher Linney will be responsible for the Southwest Europe region, whose head office will be in Paris. The Spanish market, including the Madrid branch, and the Lisbon location will be allocated to the Southwest Europe region in future. The Benelux countries, including the branches in Amsterdam and Brussels and the Luxembourg location, will comprise the Benelux region under the management of Bernhard Veithen.
The major markets in London and the United Kingdom will form the UK region, which will continue to be managed by David Gibson. Similarly, Poland and the Warsaw branch will be organised as a separate region under the management of the current head of the Warsaw branch, Maciej Zajdel.
In Germany, too, IVG is adapting to changes in market conditions and bundling its management functions in the three regional divisions of 'North' (Lars Flechsig), 'Central' (Wolfgang Winkler-Sümnick) and 'South' (Michael Wolschon) with the associated branch offices in Hamburg, Berlin, Düsseldorf, Frankfurt/Main and Munich.