Frankfurt-based Treveria Asset Management GmbH, the German affiliate of UK investor Treveria, has commissioned IC Property Management GmbH, a group company of IC Immobilien Gruppe, to take over the management of its German real estate portfolio comprising 370 properties.

The retail properties, which have a combined rental space of approximately 1 million square metres, are predominantly located in medium-sized towns in the west of Germany. The overall value of the properties, the majority of which are found in High Street locations, is currently estimated to be around €1.4 billion.