• The full-service real estate service provider takes over commercial and technical property management
• A total of approximately 118,200 square meters of gross floor area (GFA)

Hamburg, December 9, 2014 – Prelios Immobilien Management has entered into management agreements with European fund manager Meyer Bergman for two Karstadt department stores located in Berlin-Wilmersdorf and Berlin-Neukölln. Both contracts cover commercial and technical property management.

Martin Mörl, Managing Director of Prelios Immobilien Management, stated:
“We are very familiar with these properties and their tenant, and we are pleased to take over the commercial and technical property management for Meyer Bergman.”

He added:
“Our priority remains delivering attractive returns for the owner while providing a high-quality service environment that supports the tenant’s business success.”

Both department stores are located in prime high-street locations:

• The three-part property in Berlin-Neukölln comprises approximately 55,600 square meters of rental space, features its own direct subway access, and consists of a department store, an office building, and a parking garage with around 650 spaces.
• The department store in the pedestrian zone of Berlin-Wilmersdorf spans six floors with a rental area of approximately 22,500 square meters and includes a multi-level parking facility with several dozen spaces.

In total, Prelios manages a gross floor area (GFA) of approximately 118,200 square meters across both properties.

As one of the few full-service providers in the real estate industry, Prelios Immobilien Management is certified for both quality management (ISO 9001) and environmental management (ISO 14001). In addition to department stores and shopping centers, Prelios manages, sells, and develops office buildings, hotels, mixed-use properties, and commercial buildings at numerous locations throughout Germany.