Frankfurt, 3 March 2016 − Kintyre the Frankfurt Headquartered real estate investor and manager saw a 37% growth in their assets under management, across 82 asset in Germany to reach a total management volume of 302,000 sq m.
According to Kintyre’s “2015 Year End Performance Update” its Assets Under Management totalled €488m at the end of the year. Management successes included completing 30 leasing contracts for the year, equating to more than 29,000 sq m of retail space let. On the Investments side Kintyre transacted a volume ca. €103m for the twelve month period, as joint venture co-investment partners. Most notable were the acquisitions of the 55,000 sq m Markisches Zentrum in Berlin and the 8 asset ‘Alchemy Portfolio’.
The management division of Kintyre was in 2015 enlarged by 10 to 24 members now along with the opening of an office in Berlin.
Adam Pearce, Partner at Kintyre Investments, said: “2015 enabled us to achieve the planned expansion of our property and centre management businesses in a balanced manner, enabling us to better provide our clients and partners with a full integrated management model”.