Advertisement

METRO portfolio with over 200,000 square meters will be managed by CBRE in the future

The international real estate service provider CBRE has won a mandate for the commercial and technical property and asset management for a real estate portfolio of METRO PROPERTIES GmbH & Co. KG. CBRE will also provide letting services as part of the agreement.

The Germany-wide portfolio comprises 21 mixed-use properties with a total area of around 200,000 sq m. Retail properties account for more than 50 percent.

“Winning the tender is confirmation of our broad and attractive range of services and the expertise of our team. We are looking forward to working together in a spirit of trust,” says Alexander Bartosch, Associate Director, Retail Consulting at CBRE.

The background to the agreement is the medium-term sale of the properties, in which CBRE will also provide support. The collaboration begins on October 1, 2024 and is for a fixed term of three years

Related

Subscribe to ACROSS Magazine

Across print & digital

Enjoy ACROSS – The European Placemaking Magazine on your desktop, tablet, or smartphone.

Latest Print Issue