Commerz Real has commissioned Apleona Real Estate Management to manage a portfolio containing a total of 21 properties. The properties are located in Munich, Dusseldorf, Frankfurt, Nuremberg and Stuttgart and have a total area of almost 175,000 m². The majority of the space is for office use, with a smaller share comprising rental space for retail, residential and storage purposes. A corresponding agreement has initially been concluded until the end of 2020. The properties are part of the “Millennium Portfolio” recently acquired by Commerz Real from the former Generali Lebensversicherung for its open-end property fund Hausinvest.
Apleona is one of Germany’s leading real estate managers. In this year’s Bell Property Management Report, Apleona ranked first in the “office” asset class (sales > EUR 17 million) and second in the “retail” category (comprises the rating for shopping centers, specialty retail centers and other retail).