Apleona takes on management of additional retail properties for TH Real Estate

Apleona GVA Real Estate Advisors has taken on technical and commercial property management for two specialist retail centres and two single-tenant properties with total retail space of almost 30,000 square metres on behalf of the real estate investment manager TH Real Estate. The properties in question are a REWE store in Wiesbaden, a high-street property on Leipziger Strasse in Frankfurt-Bockenheim, the Griesheim-Center in Frankfurt am Main and the specialist retail centre on Kölner Strasse in Gummersbach in North Rhine-Westphalia. These four retail properties belong to the portfolio of an individual mandate managed by TH Real Estate. The company plans to commission the management of another property at the end of the year.

Including the new management mandate, Apleona GVA Real Estate Advisors currently manages 19 specialist retail centres, hybrid malls and single-tenant properties with around 194,000 square metres of retail space throughout Germany for TH Real Estate. All in all, the new orders increase the total retail space managed in Germany to around 790,000 square metres. The services performed by Apleona GVA Real Estate Advisors on behalf of investors, developers and owners of retail properties include developing centre concepts, letting, marketing and tenant support, as well as advice on long-term value enhancement for retail investments.