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MVGM takes over the management of a residential and commercial portfolio of around 156,000 m² for Domicil

3 months ago

Frankfurt am Main, 22 June 2022 – The internationally active real estate service provider MVGM has been commissioned by Domicil Real Estate AG from Munich with the commercial and technical property management for a residential and commercial portfolio. MVGM has gradually taken over the management of a total of 72 commercial and around 2,400 residential units with a total lettable area of over 156,000 m2 by the beginning of May.

The residential and commercial units are divided between a total of 86 properties at 20 locations. The largest location is Oyten, south-east of Bremen, with a total of 222 residential units. Other geographical focal points are in the Rhine-Ruhr region, central Germany, Berlin and Hanover. The overall portfolio also includes a total of just over 1,000 parking spaces.

The real estate service provider manages the new properties through its branches in Berlin, Dresden, Düsseldorf and Hanover. The successive transfer of the managed properties took place in close coordination with the previous manager Strabag.

Andreas Flechtner, Executive Director MVGM Germany, says: “Thanks to our set-up with a total of 16 locations throughout Germany and additional project offices, we guarantee proximity to our clients’ properties and are thus able to manage even large property portfolios spread throughout Germany with different uses from a single source.”

Dirk Tönges, Managing Director MVGM Germany, adds: “Taking over the management of such an extensive residential and commercial portfolio is a great sign of confidence. We are delighted to have been commissioned and can contribute our expertise in several asset classes here. Domicil has thus advanced from a standing start to become one of our largest clients.”

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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