18 April 2016 | Herpreet Kaur Grewal
Global real estate adviser CBRE has been appointed by asset management firm Commerz Real to manage property assets in its investment portfolio of its open-ended real estate fund hausInvest.
The portfolio, covering 1,100,438 square feet across the UK, comprises seven mixed-used properties predominantly in London, with one in Liverpool at Mann Island.
The six properties in the capital include 180 Great Portland Street, Paternoster House, 1 Paternoster Square, Athene Place, an industrial unit in Harlow and two hotels - the Novotel and IBIS - in Blackfriars.
CBRE will deliver day-to-day property management to each of the assets.
Martina Kraus, for property management controlling at Commerz Real, said: "We welcome CBRE to our supplier family and look forward to working with its experienced team to ensure our UK office and logistics portfolio is managed in line with our overarching aims."