Orangefield Group acquires German real estate management company
The Orangefield Group has acquired DEUMAG - Deutsche Immobilienmanagement GmbH, a German real estate management company.
This acquisition gives Orangefield a real estate presence in Berlin, Hannover, Munich and Frankfurt. In addition to domicile, administration and accounting, Orangefield can now provide property management services in Germany.
The new division will officially operate under the Orangefield DEUMAG brand.
“We differentiate ourselves with an extensive professional network and advanced systems and technology. We understand market intricacies and know how to maximise real estate value in regulated jurisdictions,” says Joep Bruins, chief executive of Orangefield.
Orangefield DEUMAG provides quick responses to all practical issues, ranging from rent collection, letting and energy management to handling urgent repairs. It manages residential property, office buildings, retail and shopping centres.
“We are excited about working closely with Orangefield’s international clients. Whether we are helping an asset manager maximise the value of a EUR500m property investment or fixing a tenant’s leaking roof, we provide the best possible solution in a timely manner,” says Bernhard Groth, managing director of Orangefield DEUMAG.
The Orangefield real estate services division now consists of more than 100 specialists in 17 countries.