Friday, September 16, 2011
IC Immobilien Gruppe undergoes reorganisation
Unterschleißheim, near Munich, 16 September 2011 – The IC Immobilien Gruppe has reorganised its asset and property management activities after seeing its managed real estate assets grow from EUR 5 bill. in 2009 to around EUR 10 bill. by the end of 2011. As a result, the service activities of IC Immobilien Holding AG are now concentrated within the subsidiaries IC Asset Management, IC Property Management and IC Technik. This successfully completes the integration of the company PropertyOne GmbH – acquired in 2010 – into IC Group.
According to Oliver Priggemeyer, CEO of IC Immobilien Holding AG, “This strong growth is essentially due to close cooperation with international real estate investors who entrust their German portfolios to IC“.
Business with international clients – whose requirements are growing all the time – will continue to play a key role within the IC Immobilien Gruppe. In Olivier Butin, IC Asset Management GmbH has succeeded in appointing to its board a real estate expert with an international track record. Butin has conscientiously represented the interests of major international investors with regard to their German real estate portfolios for many years. Joining him at the helm is Heiko Dietel, who has already managed various business units of the IC Group since 1997.
IC Property Management GmbH will continue to be managed by Guido Beddig, formerly a managing partner of IC PropertyOne, and Oliver Priggemeyer, CEO of IC Immobilien Holding AG.
Through the realignment of his team, Oliver Priggemeyer aims to build on the IC Group’s position as one of the leading real estate service providers in the asset and property management market.
About the IC Immobilien Gruppe
The IC Immobilien Gruppe focuses on asset and property management for German and international, institutional real estate investors. Besides this, the group, with its head office in Unterschleissheim near Munich, manages real estate funds issued both by the company and by third parties. With seven sites and around 200 employees, IC covers almost the whole of Germany and also has two further branch offices in North America. The IC Group provides services to a total of over 15,000 private and institutional investors and administrates an investment volume of more than 8.5 billion euros