In a guest contribution to the magazine Immobilienwirtschaft (6/2017), Oliver Herrmann, Managing Director / Head of Acquisition & Strategy of the redos Group, describes the requirements for successful asset management within the retail industry. In the first quarter of 2017 alone, retail properties worth 2.7 billion euros were traded across Germany. The asset class remains popular – especially in uncertain times. The problem: the increasing number of prospects on the one hand and the already manageable disposability of assets on the other lead to an increasingly limited product availability. Searching for the best possible investment, investors are therefore more and more dependent on the expertise of asset managers. With the market having changed, the demands managing real estate have also increased, writes Oliver Herrmann. “Besides a good market knowledge a profound local competence is decisive today. In this regard, an independent external partner with local Expertise has a clear advantage over centralized in-house departments. ”
Read the full article here: Retail: Local expertise required
