Nexity's property management unit, Nexity Saggel, has won the management contracts for two commercial portfolios with a total 141,000 m[sup]2[/sup] of space from AEW Europe. The first portfolio includes six retail parks, one retail gallery and four shopping centres in France. The portfolio will be managed by Nexity's commercial property management subsidiary, which currently has assets under management of around 225,000 m[sup]2[/sup]. Nexity Saggel will be supported by France's Lamy Group for the management of all the properties, which are spread across the country. The second portfolio consists of 100,000 m[sup]2[/sup] of retail space across 36 co-owned retail parks located across France.
Nexity's property management unit, Nexity Saggel, has won the management contracts for two commercial portfolios with a total 141,000 m2 of space from AEW Europe. The first portfolio includes six retail parks, one retail gallery and four shopping centres in France. The portfolio will be managed by Nexity's commercial property management subsidiary, which currently has assets under management of around 225,000 m2. Nexity Saggel will be supported by France's Lamy Group for the management of all the properties, which are spread across the country. The second portfolio consists of 100,000 m2 of retail space across 36 co-owned retail parks located across France.
In a statement, Nexity Saggel noted that in May it was also handed the management of properties from Stam Europe and Union Investment.
The company is a leading French property group active in real estate development, property services, finance and management, as well as redevelopment. The firm is also active in Germany, Belgium, Spain, Italy, Poland, Portugal, the Czech Republic and Switzerland.