Rowan Asset Management announced on Friday that it has awarded a contract to a joint venture of Imoplan and Frankfurt-based Skim for the property management of the EUR 180 mln Andreas property fund in Germany. Rowan acquired the private equity German property fund in March 2006. The 100,000 m[sup]2[/sup] portfolio comprises six retail warehouses, a shopping centre and two fast-food outlets in northern and western Germany.
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