Real I.S. AG has spun off its property management retroactively as of 1 January 2022.
The company said it is bundling its resources in a newly-founded limited liability company (GmbH) and Wolfgang Mußmächer, Andreas Baumgärtner and Markus Hofmeister are the managing directors of the new company.
“For more than 30 years now we have continually been creating added value for our investors with our holistic building management,” says Jochen Schenk, the chief executive officer of Real I.S. AG, adding: “By bundling our resources in our own company we are taking the next logical step so that we can also offer our expertise to external asset managers though third-party mandates.”
Real I.S. Property Management GmbH currently manages assets with a value of 2.4 billion euros and a total leasable area of approx. 750,000 square metres in about 50 properties. Furthermore, it already has five mandates for external clients.
In his function as managing director Wolfgang Mußmächer is above all responsible for the strategy and the development of the company. Andreas Baumgärtner oversees the commercial and technical property management. Markus Hofmeister is responsible for the finances and business operations.
The property management company of Real I.S. will not only have offices at the existing locations Munich, Hamburg and Berlin, as well as Leipzig, Dresden and Jena, but will also push ahead with the expansion of the company in southern and western Germany.