Essen, 22nd March 2018: 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.