Generali Real Estate SpA, the real estate asset manager of the Generali Group, has awarded the property management of its “Northern Portfolio” (Germany) to HIH Property Management GmbH (HPM).
The mandate comprises 32 properties with office and residential use as well as shopping centers in Berlin, Hamburg and Schwerin. The contract begins on Jan. 1, 2019.
“The portfolio has a volume of approximately €1 billion [$1.17 billion] and is one of the largest single mandates that HPM has so far been able to acquire,” said Thomas Junkersfeld, managing director of HPM.
Christian Kypke will assume overall responsibility for the mandate and coordinate cooperation with Generali Real Estate.
