Arbireo Capital awards property management mandate for 95,000 m² to IC Immobilien Gruppe

IC Immobilien Gruppe has been mandated with the commercial, technical and accounting property management for the entire portfolio of the “Arbireo Spezial-AIF LebensmittelEinzelhandel” fund of Arbireo Capital AG. The mandate encompasses a total leasable area of 95,000 square metres, spread across 60 properties, above all discounters, supermarkets and cut-price retail food outlets. In addition there is a number of beverage stores and drug stores, as well as other tenants. The portfolio will grow each year with additional acquisitions. The mandate begins on 01.03.2020 and initially has a term of three years.

“As a full-service provider IC Immobilien Gruppe bundles all the competencies which we require for the property management of the fund. The portfolio will be managed sustainably, meaning we can offer our investors a stable and attractive return,” says Dr. Martin Leinemann, the CEO of Arbireo Capital.

“The awarding of the mandate and its volume are testimony to the trust which Arbireo Capital places in the quality and capability of our group of companies. Given the nationwide distribution and the differing usage types the portfolio is a demanding mandate,” explains Markus Reinert FRICS, Chairman and CEO of IC Immobilien Holding AG.

‘Arbireo Spezial-AIF Lebensmittel-Einzelhandel’ is an open-ended special AIF for German institutional investors and invests in retail food outlet real estate. The original target investment volume of 200 million euros was increased as a consequence of the very good results. In the future the portfolio will be expanded on an annual basis to achieve greater diversity. IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH functions as the service financial investment management company for ‘Arbireo SpezialAIF Lebensmittel-Einzelhandel’. A successor product for the successful special AIF is currently being issued.