Omega Immobilien Group has agreed a joint venture with the French property management service provider Yxime, a Duval Group company. The aim of the cooperation is to grant Yxime’s customers access to the German property market. In the joint venture, OMEGA Immobilien will help identify suitable properties for purchase and take on the asset, property and facility management. Yxime has an established customer base comprising property investors, institutional investors, family offices and project developers.
“The cooperation with the Duval Group subsidiary Yxime gives us the go-ahead to start promoting OMEGA Immobilien’s future growth as an integrated property service provider in investment, asset, property and facility management with international partnerships. Because of its history, customer base and €17bn in assets under management, Yxime is an ideal partner for us in France,” says Martin Herkenrath, Managing Partner of OMEGA Immobilien Group, on the joint venture.
Thierry Dorison, CEO of Yxime commented: “We are seeing strong interest in German properties among our customers. We aim to accompany them on this path and, when it comes to asset, property and facility management in Germany, to give them the same high-quality support that we have been successfully providing in France for years. To this end, we consider OMEGA Immobilien to be ideal as an equal partner that is represented in the key property markets in Germany as extensively as we are in France. We are convinced that properties can be acquired and managed in a value-oriented manner only with long-standing property expertise, profound technical knowledge and familiarity with the local markets.”
Eric Duval, President-Founder of Duval Group, said: “I am very pleased with the continued growth of our family group. This new partnership honours us. This development abroad is the recognition of our expertise and the result of the daily commitments of our teams to our partners and clients. They are also an illustration of the effectiveness of our unique model integrating the entire real estate value chain into a single Group.”