Tattersall Lorenz takes over property management of Summit portfolio
Tattersall·Lorenz Immobilienverwaltung und -management GmbH, has been appointed on the technical and commercial property management of the Summit Portfolio. The client is the EPISO5 fund managed by Tristan Capital Partners. EY Real Estate advised the fund on the tender. Asset manager and co-investor is a joint venture between Sonar Real Estate, DW Real Estate and Rockspire.
Tattersall Lorenz will manage the 69 commercial properties in the portfolio, situated in a wide range of German cities, from the company's offices in Berlin, Dusseldorf, Frankfurt and Hamburg. The assets have a total lettable area of around 631,000 sqm. Around 60% of this is office space, with 30% of warehouse and industrial accommodation. Retail warehouse centres and mixed-use properties account for 10%.
Michelle Dewsbery-Knox, Key Account Manager responsible for the portfolio at Tattersall Lorenz, comments: "With branches across Germany our business has a strong foothold in the regional markets providing us with an in-depth understanding of the individual conditions at each of the locations. This also enables our teams to manage the properties assigned to us via qualified staff present on site, which is greatly appreciated by our clients.”
"The 'Bell Report' has just ranked Tattersall Lorenz as Germany’s No. 1 property manager, in terms of brand strength and reputation. Our nationwide presence throughout Germany was an important factor in this. It is also recognition of our commitment and the high quality of our work, confirmed by the instruction just received. This is yet another incentive for us to demonstrate our high standards," adds Daniela Tanski, Head of Tattersall Lorenz’s Hamburg Branch.