Property management

Innovative management concept for residential and commercial real estate •• External asset management

Amongst other things, external asset managment involves on-site tenant support, property services (repairs and maintenance issues) and lettings through local property management firms.

All commercial management and monitoring is performed centrally by Cenda GmbH in Berlin.

This concept combines all payment flows for a location (rent collection, payment transaction, pursuit of rent arrears and accounting) in one EDP system, thus facilitating a direct and consistent overview of the economic position of a portfolio.

Tenants and properties are locally administered by competent and independent subcontractors based close enough to the properties to deliver fast, direct support.

A total of 20 local property management companies have so far been contracted to ensure the smooth running of this innovative management concept; all are based within a maximum radius of 80km of their assigned properties.

The concept