NFU Mutual Sells Eight Prime UK Logistics Assets to Barings
Barings, a subsidiary of MassMutual, is to acquire a portfolio of logistics properties from NFU Mutual in a deal worth £234 million. The eight assets are all...
Read Full ArticleApleona has won several lots in two separate tenders conducted by Mileway, the European logistics arm of Blackstone.
The three-year contract includes property management for 134 properties with 1.1 million m² of lettable space, integrated FM for 135 properties with 1.75 million m² and 80 properties under joint management. Apleona will provide services from a single source for around 60 per cent of the properties.
The management contracts focus on supporting Mileway in its continued expansion in Germany and providing strategic assistance for the successive implementation of ESG measures, including energy efficiency. A team of more than 30 experienced property managers will work on the contract.
The properties that will be managed by Apleona Real Estate’s property managers are mainly located in North Rhine-Westphalia, the Rhine-Main region, Baden-Württemberg and Bavaria.
The contracted services include coordinating OpEx and CapEx measures, tendering and controlling third-party services, operating cost billing and providing personal support for Mileway’s tenants at the respective properties.
Onboarding will be completed by the end of 2022, with the contract commencing on January 1, 2023.
The FM contracts for 135 Mileway properties have been in progress since 2012. In addition to soft services, Apleona covers hard services including maintenance, servicing and a 24/7 emergency service, fire safety, and construction project work.
Apleona is aiming to perform 80 per cent of the work on the technical installations itself.
Picture: a photograph of logistics real estate near Düsseldorf, Germany. Image Credit: © Mileway
Article written by Ella Tansley | Published 07 December 2022
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