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Klaus Mennickheim (left) and Steffen Hofmann (right), Managing Partners of iMallinvest Europe GmbH. Image: iMallinvest

Institutional investors like Allianz Real Estate and Credit Suisse optimize their operational structures with iMallinvest Europe

In its role as specialist advisor for institutional retail real estate investors, iMallinvest Europe GmbH has developed its services further to meet the dynamic demand of its clients.

The company has successfully established its business line as independent process manager in the regular tendering of property and centre management services for retail assets owned by institutional investors.

Having explored the market potential in the last three years iMallinvest already put out ten operational management mandates for tender with a total Gross Lettable Area of 370,290 square metre and a combined annual rental income of €105.5 million. „In view of the enhanced asset management challenges for large and management-intensive retail assets it is highly recommended to regularly review the suitability of the operational set-up“, says Klaus Mennickheim, Managing Partner of iMallinvest.

Well-known companies such as Allianz Real Estate, Credit Suisse Asset Management and Nuveen Real Estate, for example, have already made use of iMallinvest’s advice in this respect. Holger Hosang, Head of Asset Management North & Central Europe, of Allianz Real Estate shows a high level of satisfaction with the advice received: „Allianz Real Estate places great emphasis on its network of business partners and their ability to add value to our business. We were very impressed with iMallinvest’s package of services and market knowledge, and the recommendations they made to us continue to deliver great results.”

The average scale of property and centre management mandates tendered by iMallinvest so far was 37,029 square metres per asset, whereby the number of shops averaged out at 86 and the annual footfall at 7.95 million visitors per asset. In seven out of ten tendering processes, the tendering results lead to a change in management. Further processes for 2021 are already in the pipeline.