IC Immobilien Gruppe awarded additional property management mandate by Arbireo Capital

IC Immobilien Gruppe was exclusively mandated with the commercial, technical and accounting property management for the newly-launched fund “Arbireo Spezial-AIF Lebensmittel Einzelhandel 2” by Arbireo Capital AG as of 1 March 2021. This fund is still growing and currently comprises six virtually fully leased retail properties in Bavaria, Brandenburg, Hesse and Lower Saxony with a total leasable area of approx. 13,000 square metres. In the coming years expansion is planned to take in a total of 60 locations throughout Germany, with a target volume of approx. 250 million euros. IC Immobilien Gruppe has already been mandated since 1 March 2020 with the property management for the first Arbireo retail property fund, “Arbireo Spezial-AIF Lebensmittel Einzelhandel”.

“IC Immobilien Gruppe impressed us with the sustainable and professional management of the food retail properties in our first fund. Consequently, we are pleased that we can jointly develop the collaboration and generate the best possible result for our institutional investors,” says Dr. Martin Leinemann, a member of the management board of Arbireo Capital.

“This additional mandate is testimony to the trust placed by Arbireo Capital in the quality and capability of our group of companies. Accompanying the growing portfolio – which will be diversified throughout Germany – underlines the long-term partnership-based collaboration, which we look forward to in the coming years,” explains Markus Reinert FRICS, chairman of the board and CEO of IC Immobilien Gruppe.

“Arbireo Spezial-AIF Lebensmittel Einzelhandel 2” is an open-ended special AIF for German institutional investors, investing in food retail outlets. The first six properties were already acquired in 2020, with their transfer only gradually taking place in 2021, however. Further investments are planned for the coming two years so as to attain the planned target volume.  

As with the previous fund, the asset management service provider company for “Arbireo Spezial-AIF Lebensmittel Einzelhandel 2” is the Hamburg-based IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH.