Company news and press releases
TOP News – 01.06.2023
Tectareal entrusted with property management for two project developments in Marienzeile, Nuremberg
Tectareal Property Management is taking over the property management for two project developments in the Marienzeile construction project in Nuremberg acquired by the real asset and investment manager Wealthcap. These are the “Karl” and “Ludwig” components. Together, the two properties comprise approx. 16,600 sqm of office space and almost 200 parking spaces and are leased to the Bundesanstalt für Immobilienaufgaben.
Wealthcap acquired the two components in November 2021 and March 2022 respectively. Tectareal has already accompanied the commissioning of the buildings from the project development. When they are taken over into regular operation, the two high-quality new buildings will be integrated into the property management mandate that has been in place since 2019.
Tectareal Premium manages office and commercial buildings on Kurfürstendamm
Tectareal Premium GmbH, based in Essen, has taken over the commercial and technical property management as well as the property accounting for the properties Kurfürstendamm 42 and Mommsenstraße 71 in Berlin for a family office from Munich. The mandate started on 1 April 2023.
The properties with a total rental area of approx. 4,000 m² were built in 1955/1961. The Mommsenstraße 71 building will be refurbished by the owner by the end of 2023 and then re-let. Retail tenants in the Kurfürstendamm 42 building include BOGNER and SMCP. Both properties are connected via a shared courtyard area, which has 28 parking spaces.
Tectareal Premium takes over property management for INDUSTREAL portfolio
Tectareal Premium GmbH has been commissioned by INDUSTREAL GmbH with the property management of the current and future real estate portfolio. The property portfolio to be managed comprises warehouse, logistics and light industrial properties.
The mandate, with approx. 27,000 m² of building space and approx. 40,000 m² of outdoor space, currently includes a commercial ensemble in the Rhine-Ruhr port in Mülheim and a logistics property in the Mutzschen industrial estate in Grimma near Leipzig. INDUSTREAL GmbH’s latest acquisition adds 30,000 m² of warehouse and storage space as well as offices in Witten. The range of services includes commercial and technical property management as well as property accounting.
Katja Zielzki, member of the management team at Tectareal Premium GmbH: “We are delighted to be able to support INDUSTREAL GmbH as property management partner for the growing portfolio. Due to our presence throughout Germany, we are also very well positioned for the management of acquisition properties in other locations.”
15 years of Tectareal Group
Where has the time gone? It was and still is an exciting journey and we can claim that we know how to use the changes associated with such a journey very specifically for our benefit. Tectareal therefore means being on the move. You have to keep pace and ideally even be a thought leader. We evolve with our clients and customers – we actively accompany change in many places.
Particularly in today’s real estate world, modern property management must also think outside the box. Many of the current topics, e.g. around ESG, require farsightedness and also the courage to go different ways.
But we also consciously look inward and support our colleagues. Together, we develop support concepts for properties of all types, and we offer a comprehensive range of services – even beyond the traditional property management mandates. In recent years, our group has grown steadily through the specialization of services such as architectural and engineering services or asset management in companies founded specifically for this purpose.
It is precisely this mix of personality combined with many years of experience that makes us a unique, modern property manager. Our first place in the competence ranking “Office > EUR 20 million turnover” of the Property Management Report 2021 by Bell Management Consultants is both proof and constant incentive for us to continue on the path we have chosen in the coming years.
Tectareal Property Management commissioned with 17 properties of Commerz Real's German office portfolio
“We are very proud to be able to expand our cooperation with Commerz Real to such an extent,” says Gertrud Wesemeyer, Managing Director of Tectareal, describing the mood within the company. “Especially with a mandate of smaller scope, it is not always easy to present the entire strength of our company to a client. We are all the more pleased that we were able to convince Commerz Real of our strengths. We are now ready to handle the diverse market issues for a significantly expanded real estate portfolio in the future.”
The extended cooperation between Commerz Real and Tectareal Property Management will begin operationally on January 1, 2022, with the commissioning of the commercial portfolio lot Central-West. This exciting real estate portfolio includes the landmark OmniTurm property in Frankfurt. The entire lot comprises 17 properties with a total rental area of almost 200,000 square meters.
Tectareal Property Management takes a pioneering role in the real estate industry with PropTech tools
The property manager completely digitizes portfolio rentals
Munich, October 20, 2021 – Tectareal Property Management takes first place in the Bell Report in the area of “Asset class office > € 20 million” and has gained a strong partner in the PropTech sector with EverReal. Tectareal’s vision of further expanding digitalization through PropTech tools has taken further shape with EverReal.
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1st place in Bell Report
Tectareal Property Management has taken first place in the asset class office >€20m in the current Bell Report 2021. Far ahead of the major competitors. The result reflects the efforts of recent years. Tectareal has invested a great deal in process optimization, employee training and team building – and this has been well received by customers. The management of Tectareal, Gertrud Wesemeyer and Roland Lass, are very pleased about this, because the award in the Bell Report is not just any award. Rather, it reflects the real perception of the market players. The Bell Report is the medium that brings transparency to the performance/quality as well as the fee structures of the property managers. This is highly appreciated by asset managers and property managers, as the report is often consulted in the context of property management tenders, process optimization or M&A activities.
We are happy about the 1st place and keep trying to get even better.
Extension and expansion of the property management partnership between Deka Immobilien and Tectareal
Tectareal Property Management GmbH was entrusted by Deka Immobilien with commercial and technical property management for a further three years. Tectareal has been working for Deka Immobilien since the beginning of 2009.
The domestic property management mandate consists of 80 properties with a total leasable area of approximately 1.6 million square meters spread across eight German federal states. The portfolio comprises office, retail, hotel, logistics and mixed-use properties.
Most recently, the mandate was expanded to include six logistics properties with approximately 170,000 square meters of leasable space in an industrial park in Saxony.
Tectareal wins the European Real Estate Award 2020!
The European Real Estate Brand Institute shows which brand has developed most strongly in the respective subsectors in the last 12 months.
Expansion of the strategic partnership between Wealthcap and Tectareal
The existing strategic partnership between Wealthcap and Tectareal Property Management will be expanded. As part of this expansion, two additional special real estate highlights, the properties “Postplatz” in Dresden and “Ruhr Tower” in Essen, will be placed under Tectareal’s care.
The “Postplatz” property in Dresden will be completed by spring 2020 and is distinguished by its central location featuring excellent inner-city connections. The strikingly beautiful building with “round corners” offers a balanced mix of retail and office space as well as 68 apartments on approx. 18,500 sqm.
From now on, the “Ruhr Tower” in Essen will also be managed by Tectareal Property Management. The very well-known 22-storey landmark property was given new life as part of a project development. At this point, it is almost fully rented. It features more than 17,200 sqm of attractive office space.
Tectareal and Wealthcap form strategic partnership
A strategic partnership starting on 1 May 2019 will see Essen-based Tectareal Property Management GmbH join forces with Munich company Wealthcap.
Wealthcap, one of the largest asset managers in Germany, has decided to outsource its property management to two external service providers. Tectareal has been awarded one of these contracts and will manage Wealthcap’s south-east portfolio, which is comprised of 22 properties. The company will also manage a special portfolio of 79 properties distributed across Germany.
Among the most prominent Wealthcap properties managed by Tectareal are the Ten Towers complex and the Central Bus Station in Munich (ZOB). A total rental floor space of more than 1.25 million sqm will pass into the professional care of Tectareal.
“We are delighted to have been entrusted with this prestigious property portfolio”, says Getrud Wesemeyer, Managing Director of Tectareal, “and to have earned the trust of an important new customer. Coming out on top in a tender like this one and to work as partners in preparing the foundation for our future success is something that gives us tremendous motivation”.
Tectareal Premium Takes Over Property Management for RLI Logistics Fund – Germany I
Tectareal Premium GmbH, Essen, Germany, has been awarded the contract for the commercial and technical property management of the “RLI Logistics Fund – Germany I” by RLI Investors GmbH, one of the leading independent asset and fund managers and specialists for real estate logistics in Germany.
The portfolio comprises 18 logistics properties in various locations throughout Germany with a total rental space of approximately 474,000 sqm (more than 5.1 million sq. ft.). Tectareal is managing the mandate from its Munich office, using it as the central office to integrate the operational teams of the other branches.
“We are pleased to be able to combine our experience in the real estate logistics segment with our expertise in management of open alternative investment funds (AIF) for real estate within the framework of this mandate for RLI Investors,” explains Torsten Maidorn, member of the Tectareal Premium GmbH management board and site manager in Munich.
Change in Management of Tectareal Property Management GmbH
On the 30th of September 2018, Mario Liebermann will hand over the baton to Gertrud Wesemeyer and Roland Lass to manage the company. Both have been long-standing members of the Tectareal executive branch.
After three successful years leading Tectareal, Mario Liebermann now intends to devote himself more to his other entrepreneurial commitments by taking on various advisory positions in the real estate industry. After securing important large-scale clients and successfully completing organisational measures, this is the perfect time for a change of management.
The new leadership of Tectareal will now increasingly focus on developing the property management competences of the company. Gertrud Wesemeyer and Roland Lass both have extensive property management expertise and leadership experience. Ms Wesemeyer will devote most of her attention to commercial aspects and Mr Lass will take on the technical issues. Mario Liebermann will continue to support the company as a co-shareholder of Tectareal Management Holding.
We thank Mario Liebermann for his commitment and successfully implementing an important phase for Tectareal, and we wish Gertrud Wesemeyer and Roland Lass good luck in their new endeavours.
Tectareal manages Cologne Zollstock Arkaden
Tectareal Property Management GmbH, headquartered in Essen, took over commercial and technical property management of Cologne’s Zollstock Arkaden effective 1 February 2018.
The Zollstock Arkaden is the local supplier for Zollstock and the surrounding areas. Built in 1991, the compact shopping arcade with a total floor space of around 15,000 square metres features everything one could need for everyday life. A total of 5,700 square metres are available for retail, as well as approx. 3,500 square metres for office space. Tectareal is also responsible for leasing 77 apartments and 246 parking spaces here.
Gertrud Wesemeyer, member of Tectareal management, places a focus on special requirements for property management: “We are pleased to be able to bring our expertise in the retail segment to the table for this mixed leasing clientele.”
European real estate funds managed by Blackstone have appointed Tectareal Property Management with the property management of a 31 properties portfolio
European real estate funds managed by Blackstone have appointed Tectareal Property Management GmbH with the commercial and technical property management of a sub-portfolio following the OFFICEFIRST transaction beginning of 2017.
The order comprises 31 properties in Frankfurt and Munich with a total rental area of 612,000 square meters. After successful completion of the start-up-phase, the order was formally transferred to Tectareal Property Management on January 1 2018.