DGAP-News: Colonia Real Estate AG / Key word(s): Miscellaneous
Colonia Real Estate AG: Service segment strengthened through merger of
Colonia Real Estate Solutions GmbH with LARUS Asset Management GmbH
19.07.2011 / 09:22
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Service segment strengthened through merger of Colonia Real Estate
Solutions GmbH with LARUS Asset Management GmbH
- New company POLARES Real Estate Asset Management GmbH is Germany's
fourth-largest asset manager
- Service segment to specialise in commercial real estate
Cologne, July 19, 2011 - Colonia Real Estate AG (Colonia in the following)
announces the merger of its subsidiary, Colonia Real Estate Solutions GmbH,
with LARUS Asset Management GmbH (LARUS in the following). The new company
will do business as POLARES Real Estate Asset Management GmbH (POLARES REAM
in the following) under the management of Michael Amann and Timo Wolf. The
merger allows for leveraging synergies and adds commercial property
management to the services offered by the segment. POLARES REAM is the
fourth-largest provider measured by the real estate volume of commercial
property services in Germany.
The company is a one-stop provider of a wide range of property services,
from transaction and investment management to classic asset management and
now commercial property management as well. It specialises in the
management of complex multi-regional portfolios held by private and
institutional investors. From retail properties and office complexes to
logistics centres, POLARES REAM already manages all kinds of commercial
real estate.
'The merger of the two companies under the Colonia umbrella is a bundling
of expertise and lays the foundation for continued growth as well as
improved profitability from operations. We are expecting to see an increase
in profits in this area even in 2011. POLARES REAM is already among the
leading Asset and Property Management specialists in the German real estate
market,' says Colonia CEO Rolf Elgeti.
The Board of Management
Cologne, July 19, 2011
Colonia Real Estate AG
ZeppelinstraÃe 4-8
D-50667 Cologne
Listing: regulated market of the Frankfurt Stock Exchange (General
Standard)
ISIN: DE0006338007
WKN: 633800
About Colonia Real Estate AG
Colonia Real Estate AG is one of the leading listed real estate investment
and management groups in Germany with round about 19,000 residential units.
The Colonia business model is based on two columns. The investment segment
concentrates on high-yield residential property portfolios held for the
company's account and co-investments in commercial and residential
properties together with institutional partners. Second column of the
Colonia business model is the service segment. Here POLARES Real Estate
Asset Management GmbH provides all services along the life cycle of a
property in a modular manner.
Contact:
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany
Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: pr@colonia.ag
End of Corporate News
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Language: English
Company: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln
Germany
Phone: +49 221-716071-0
Fax: +49 221-716071-99
E-mail: ir@colonia.ag
Internet: www.colonia.ag
ISIN: DE0006338007
WKN: 633800
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Luxembourg
End of News DGAP News-Service
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132440 19.07.2011
DGAP-News: Colonia Real Estate AG: Service segment strengthened through merger of Colonia Real Estate Solutions GmbH with LARUS Asset Management GmbH
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