Savills, ILG begin mall management collaboration
Savills is now offering shopping mall management in Germany as a service to its customers through a collaboration with the ILG Group. ILG will focus on property management, while Savills will oversee marketing and contract negotiations with current and future tenants. The two companies will collaborate on the design, refurbishment and transformation of the properties. The collaboration will be managed by Jörg Krechky (Savills, Head of Retail Investment) and Gernot Falk (ILG, Managing Director Asset and Center Management). Its target customers are primarily institutional portfolio managers of shopping centers in Germany with 10,000 sqm or more of lettable space; according to Krechky, other large-scale retail properties may also come under consideration “if there is a fitting connection to the services that we offer”.
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