In 2011 to around 50prozent increased inspire lettings Garigal specialist market centers a new tenant target group in Frankfurt am Main. Demand in trading by attractive centres of expertise market leads to a decisive increase in the rental of Garigal asset management GmbH, the company specialized in hybrid and retail centers. For 2011, the company reports the completion of 101 leases with over 124,000 m Retailmietflache and thus increased the rental service by around 50%. Rental activities, which include the acquisition of new and existing areas within the portfolio to rental, raising the rent by about 4% and obtained, based on the pure performance of the rental. Large new contracts and subsequent rentals have been realized with the leading food retailers and home improvement stores of in Germany. Most of the new contracts includes a runtime of over 10-15 years.
For some sites already goes tenant waiting list miles Stephenson, CEO of Garigal asset management GmbH, assume that the positive development in 2012 will continue. The demand very brisk for is attractive retail environment.” The contracts concluded in January of the year will show a continuation of the upward trend. Already multiple expressions of interest are the Garigal asset management GmbH for some sites, which put us in the comfortable situation of a tenant waiting list.” Demand for service providers and retail also constitutes a new audience among the tenants and prospective tenants to Garigal asset management. Our retail centers are also for service provider, catering establishments and nonfood vendors in the specialised market segment that is sexy, so Marcus Panconcelli-Calzia, head of asset and rental management. Due by the high average yield in the good memanagten Garigal market centres of expertise to be expected from retail-company, which earlier were more likely established layers in high-quality shopping centers and 1-A demand. Already last year leased Garigal asset management increased to textile company, jewellers, hairdressers, Dry-cleaning services and fitness studios.
Corporate information: Garigal asset management GmbH is a German retail real estate company with a strict focus on shopping malls and buying farms in Germany on the green meadow with food chain as the anchor tenant. Garigal miles Stephenson was in May 2006 by the Australian after stations as Manager at Macquarie and lend lease Corp. established. Mission is developing, active management and the realisation of innovative InvestmentStrategien for institutional investors with a focus on retail real estate. Garigals institutional investors have assets under management of over 25 billion euros, 18 billion euro are worldwide and 7 billion euros invested in European retail property. AREA property belonging to our business partners partners and capital & regional plc as experienced investors in retail property and Cheyne capital as one of the respected fund management companies in Europe. Our investors spend not only long-term capital for investments in retail properties, but also work with foreign capital to develop tailor-made solutions for their investment needs.