Adam Pearce, co-founder and managing partner of Kintyre. Image: Kintyre
Ticker

Kintyre pushes €1.5bn AUM, with focus on innovation and technology in 2019

With a growth of 21% in assets managed by Kintyre in 2018, the Frankfurt headquartered investor and asset manager, enjoyed a fourth successive year of growth in excess of 20% and is now pushing the €1.5bn mark for real estate assets under management.

“Being able to deliver another year of balanced growth for our firm, while driving our quality enhancement agenda was very pleasing. Moreover, our continued growth has been largely driven by our existing clients and we are very thankful for their continued trust in Kintyre,” said Kintyre’s Adam Pearce, co-founder and managing partner of Kintyre.

Kintyre holds mandates on around 750,000 sq m of commercial real estate, with 140 assets throughout Germany, across the firm’s full-service platform.

Over the past year, Kintyre’s growth and expansion of its management activity was supported with the employment of ten new staff members, taking the total to 51. This expansion was further supplemented with the key appointment of new managing director Guido Beddig announced at the turn of the year.

The firm’s focus for 2019 will be firmly on innovation and technology, as evidence by the launch in late 2018 of Kintyre DS GmbH, the firm’s vehicle for driving its digitisation and innovation agenda.

In addition, responding to escalating construction costs within Germany, Kintyre has also committed to expanding its internal project management and construction team in 2019, to support and help control costs for existing clients and investment partners.

In addition to business growth and the launch of Kintyre DS, other notable achievements for Kintyre over the past year include:

  • Completing the Phase 2 repositioning of the Stadt Galerie Witten, including the extensive capex program required for new anchor tenant TK Maxx.
  • Securing anchor tenant Edeka within Kintyre’s EUR 150m urban regeneration project in Märkisches Zentrum, Berlin;
  • Acquiring strategic shareholding in the 14,000 sq m Werthaus office building in Frankfurt, alongside Tristan Capital Partners;
  • Leasing a total of 29,000 sq m across more than 100 new or extended lease contracts.
Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Realm banks on F&B occupier growth with key appointment

Realm has grown its leasing team with the appointment of Caroline Helyer as leasing manager. Caroline will be working across several of Realm’s schemes – including Dalton Park, Milsom Place and Bedford Riverside – where she will be leading initiatives to secure new retail lettings and lease renewals, as well as enhance the customer shopping experience and F&B offering across the portfolio.

redos buys Äppelallee-Center retail warehouse in Wiesbaden, Germany

Hamburg-based large-scale retail property specialist redos Group has acquired the Äppelallee-Center in Wiesbaden near Frankfurt. The purchase was made on behalf of the special AIF "Redos Einzelhandel Deutschland III".

PINKO will open store in Ocean Plaza Shopping Mall in Ukraine

The Italian brand PINKO will open the second store in Ukraine in Ocean Plaza shopping mall. The exclusive distributor of the brand is ARGO. The new store with an area of ​​160 sq.m. will open its doors on the first floor in May. A wide range of women's clothing, shoes and accessories will be presented.

Sabine Georgi Appointed as ULI Germany/Austria/Switzerland Executive Director

Sabine Georgi joins the Urban Land Institute (ULI) from Royal Institute of Chartered Surveyors (RICS).

Acquisition of The Moor, Sheffield in a Joint Venture with BRAVO

NewRiver is pleased to announce that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million, representing a capital value of £60 per sq ft.

Ziv Gigi appointed as Managing Director for GTC’s operations in Romania

GTC has announced the promotion of Ziv Gigi to the position of Managing Director Romania. He will be responsible for all operations of GTC in the Romanian market.