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Throughout 2012 Evans Randall has continued to be very active with a number of acquisitions, disposals and major lettings.
Estama win Evans Randall German management mandate
Evans Randall have appointed Estama with the management of a 120,000 sq m portfolio.
The portfolio comprises 58 properties spread throughout northern Germany, in the regions of Mecklenburg-Western Pomerania, Lower Saxony and Schleswig Holstein.
The majority of the portfolio is retail property, ranging from single retail units to shopping centres, and supermarkets, with a small office and residential component. Anchor tenants include Edeka, Aldi, Lidl, Rewe and Schlecker.
Estama currently manages a portfolio of around 450 properties across Germany, with a combined capital value of €2.5bn. Other recent high profile instructions include HSBC Specialist Fund Management, Fairacre and SN Properties.
Set up in 1993, Evans Randall have arranged and structured over £20bn of transactions around the world. As an investor and co-investor in commercial real estate, Germany is a significant market for the European business with over €500m of property assets currently under management.
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Dominic Morgan, FD Tamesis
020 7269 9343
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