Apleona and CBRE managing 550,000 sqm for Schroders
Schroder Real Estate has re-assigned the property management for a large portion of its German real estate portfolio. Starting January, CBRE and Apleona Real Estate Management will share responsibility for more than 550,000 sqm nationwide. The 30 properties include office, retail, logistics, hotel, and residential utilization. Total value of the assets, mainly located in the top 7 markets, is €1.5bn. The two new service providers will handle the commercial and technical property management, as well as the measurement and achievement of sustainability targets. According to TD research, BNP Paribas Real Estate was previously responsible for property management of the portfolio.
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