Bilfinger Real Estate wins property management contract for 18 Dundee International REIT office properties

Canadian investor Dundee International REIT has awarded Bilfinger Real Estate the property management contract for 18 office properties totaling around 232,000 square meters of space. The properties, which were acquired at the end of 2012 and at the beginning of this year, are centrally located office properties in ten major German cities. With an occupancy rate of 97.5%, they are virtually fully leased. They include the partially protected historic Goldpunkt Haus in Berlin Prenzlauer Berg measuring 23,000 square meters in total, the office properties Cäcilium in Cologne and LEO 252 in Munich's Schwabing district, as well as Humboldt Haus in Hamburg's Hafen City, home to the world's biggest shipping company, Maersk.

Dundee International REIT has already acquired high-quality properties in Germany for more than EUR 640 million in 2013 to date. Anne Braun, Executive Director at Dundee Realty Germany with responsibility for asset management: "Bilfinger Real Estate is an important partner for us because it has a comprehensive network of locations throughout Germany and maintains a high level of real estate management expertise."