The mandate covers 200 commercial and technical property management, leasing, and, for selected assets, center management. The portfolio includes a broad mix of formats, ranging from single-tenant properties such as supermarkets and DIY stores to retail parks and shopping centers, with a clear focus on high-frequency, convenience-driven assets.
Key properties include the Harburg Arcaden, Florapark Magdeburg, Alb-Donau-Center Ehingen and the Chinon Center Hofheim.
“Through the collaboration with an experienced operator like HBB, we are strengthening our ability to improve operational performance and unlock value across a diversified retail portfolio,” said Ines Sokolowski, Head of Investment Management Retail at PATRIZIA SE. She added that the company continues to see “attractive opportunities in well-located retail formats where active management and local expertise are key to delivering stable, long-term returns.”
“For us, this expanded mandate is both confirmation and motivation,” said André Stromeyer, Managing Director at HBB Centermanagement. “With active management and targeted leasing strategies, we will continue to develop these properties successfully.”
The mandate also highlights a broader trend in the German retail real estate market, where investors are increasingly focusing on operational performance and resilience, particularly in convenience-oriented formats, rather than pure expansion.
(ps)
