Bilfinger Real Estate wins management contract for German office and retail property portfolio of SEB Asset Management measuring 307,000 m².
At Mipim, the international real estate show being held in Cannes, Bilfinger Real Estate and SEB Asset Management have on Wednesday signed an agreement for the management of a German office and retail portfolio, measuring a total of 307,000 m² of leasable space.
On the basis of this agreement, Bilfinger Real Estate will, from 1 April respectively 1 June 2015, assume responsibility for the property management as well as technical and infrastructural facility management of the 23 properties in the portfolio.
The office and retail buildings to be managed for SEB Asset Management are located in Hamburg, Berlin, the Rhine-Ruhr region, Frankfurt as well as in Southern Germany. Bilfinger Real Estate had already been engaged as property manager of 17 of the properties since 2008. For the continuation of the contract, the companies have agreed an expanded bundle of services in line with the real estate services provider's broad consulting and management offering.