Multi expands asset management mandates even for non retail properties

Multi Corporation has continued to expand in Germany with property management of retail parks  and an office building as it continue to evolve from a shopping centre player following its management buyout a year ago.

As one of Europe’s largest retail managers, the company said it was building on its recent expansion in Germany, starting off 2023 with three new management mandates.

Following these new management mandates, Multi now manages 19 assets in Germany. The portfolio under management consists of retail, office, and mixed-use properties across the country.

Hubert Stech, MD in Germany & Benelux, said: ‘The management buy-out in March 2022 provided new opportunities for Multi in Germany.’

‘We are now able to expand our first-class services to other partners and we can provide our services beyond the retail sector.’

‘Although we remain retail specialists at heart, we are also actively taking on new management contracts for other asset classes.’

For a previous aticle on Multi in the wake of its MBO, click here. 

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