Following the acquisition of the Monsoon portfolio, an international private equity company has appointed Cushman & Wakefield (C&W) to provide property management services for ten shopping centres and retail parks in Germany. The retail properties comprise a total lease area of around 266.000 m² with over 400 lessees. Acrest Property Group is acting as asset manager for the portfolio.
Nina Jansen and Andreas Gast, Co-Heads Property & Asset Management at C&W in Germany commented: “Our expertise in the retail segment was the key factor in our appointment. We manage a total area of around 2 million m² in Germany, of which around 40% is retail space. We also have a highly effective letting team that specialises in the marketing of local supply centres and retail parks. In 2013, we concluded around 180 transactions for the properties under our management.”