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MVGM continues to grow - 20,000 residential units under management - annual sales break EUR 30 million mark

4 months ago

Frankfurt am Main, March 23, 2022 – The internationally operating real estate service provider MVGM continues to be on a growth course in Germany and draws a positive balance for the financial year 2021. Despite the effects of the Corona pandemic, the property manager was able to achieve significant growth in all business areas and crack the EUR 30 million mark in annual sales for the first time. MVGM intends to continue its successful course in Germany in 2022.

20,000 residential units under management – top rankings in industry reports

In the residential asset class, the portfolio under management increased by 6,000 units last year to now more than 20,000 apartments. Among the largest growth customers are d.i.i Deutsche Invest Immobilien AG and Domicil Real Estate AG. The commercial real estate segment also recorded strong growth: with an increase of around 500,000 m2 in 2021, MVGM now manages more than six million m2 of commercial space.

In the Property Management Report by Bell Managements Consultants, MVGM achieved top rankings with third place in the residential sector and fifth place for the commercial sector.

Developing new business areas and new locations

In 2021, MVGM also expanded its range of services: with MVGM Vertriebs GmbH for residential leasing and the newly founded subsidiary OptimusBuy for operating cost optimization, new services were successfully implemented to complement the core business. This year also saw the establishment of OptimusGreen, a joint venture between OptimusBuy and Getec, for the design and implementation of ESG-compliant energy solutions for the existing properties managed by MVGM.

MVGM was also able to further expand its nationwide presence in 2021, opening a new location in Freiburg. Around 400 employees now work for the real estate service provider at a total of 15 locations and six project offices in shopping centers. The Nuremberg location is currently under construction, and a presence in Cologne is to be added in the course of the year.

Dirk Tönges, Managing Director MVGM Germany, says: “2021 was a successful year for MVGM, which is a credit to our great team. We want to build on this in 2022 as well. The aim is to stabilize the dynamic growth of the past year and to integrate the new locations and subsidiaries in the best possible way. In this way, we want to get even closer to our customers’ properties and support them with the requirements regarding ESG criteria. The nationwide expansion of our locations is an important building block for our business success in this respect.”

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About MVGM
MVGM is a recognized authority in the real estate industry, the largest property manager in the Netherlands and one of the leading property managers in Germany and Europe. MVGM has specialized property management teams with more than 1,800 employees in ten countries across Europe. The company combines knowledge and expertise to offer clients fully integrated services with international experience and local market knowledge. MVGM’s German team consists of more than 400 employees who provide property management services for more than 200 clients, 1,100 properties with more than 10 million square meters of space in Germany at 15 MVGM locations and six shopping center locations. MVGM works for national and international investors, banks and financiers, housing associations, entrepreneurs, insurance companies. For more information about MVGM, please visit https://www.mvgm-germany.de/.

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Contact for the press
Chris Braun
Marketing Director & Press Officer
MVGM Germany
Bleichstr. 64-66
60313 Frankfurt