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The Libori Galerie in Paderborn was IPH`s third new mandate in 2021. Credit: IPH Centermanagement

IPH Group expects further growth after a sucessful year 2021

Despite the challenging market environment IPH Group continues to grow. Leasing volume and new mandates significantly expanded again in 2021.

IPH Group, comprising IPH Handelsimmobilien, IPH Centermanagement and IPH Transact, announced that over the course of 2021, the result from 2020 of approx. 55,000 sq m was further improved upon in terms of leasing volume to now 58,000 sq m. In 2021 as a whole, IPH negotiated a total of more than 100 leases. 

In addition, five new mandates were added in the shopping center division in the last 12 months, comprising a total rental area of 142,000 sq m. These were Stachus Passagen Munich, Huma Shoppingwelt Sankt Augustin, Libori Galerie Paderborn, Buchholz Galerie and City Galerie Aschaffenburg.  

Rental market trends: mobility, manufacturer branding, consolidation 

With Jürgen Kreutz taking over as managing director of IPH Transact GmbH at the end of 2021, the company expects further growth. In 2022, particular attention will be paid to developing new tenant target groups for both high-street and center properties. 

“We are experiencing profound upheavals in the leasing market. Exciting new tenant groups are emerging from some sectors, for example in the mobility segment or even quick-service catering“, says Lars Jähnichen, Managing Director of the IPH Group for the current business year. „Even more important, however, is the trend among major manufacturers and service providers to actively promote branding by means of their own rental space in prime locations. Previously, this was left to retailers, but manufacturers are increasingly becoming their own brand ambassadors.” 

“The preference is clear: one premium space in an A-location instead of a multitude of decentralized, smaller spaces. The same logic is also being followed by more and more traditional retailers – here, too, we see opportunities for the high-street. Investors can benefit from these developments, both in core and value-add strategies – but they need the appropriate expertise to attract top tenants beyond traditional concepts,” adds Jürgen Kreutz.