Home » News & blogs » MVGM takes over property management of PATRIZIA portfolio
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MVGM a leading player on commercial real estate market in Europe, won a tender for property management services of eight prestigious office buildings in Warsaw and Wrocław. PATRIZIA, a leading partner for global real assets, chose MVGM for property manager of portfolio of approx. 65,000 sqm, including, among others, well known addresses on office map of Polish capital such as Royal Trakt Offices.
“As a successful investment manager allover in Europe we were looking for a strategic partner for our property managment in Poland. After running a competitive tender process MVGM was contract granted. MVGM has strong competencies in the area of property management and, we deeply believe, thanks to sharing knowledge between its European departments is guided by best management practices. Such know-how in business activities affected by current pandemic is essential”, comments Jacek Brzozowski, Head of Asset Management PL, PATRIZIAAG.
PATRIZIA manages over 47 billion EUR in assets and has over 400 institutional clients. Operates in Europe for 37 years, successively expanding other continents. Has 24 offices, of which 19 in European Union, Great Britain and Ireland, thanks to which PATRIZIA is positioned on key real estate markets. Properties which PATRIZIA gives MVGM under management are eight office buildings located in Warsaw and one in Wrocław.
“Cooperation with PATRIZIA is a huge distinction. Scope of our contract is complex property management of the portfolio including project management, marketing advisory and central processing and presentation of portfolio data. We are also responsible for leasing process in cooperation with JLL team. Properties that joined our portfolio are prestigious office locations with great communication accessibility, thanks to its location offering many conveniences of popular business and touristic places in Warsaw. Among high standard modern premises there are buildings with great history and architecture including Royal Trakt Offices at Ujazdowskie Avenue. We are pleased that we are responsible for next such unique places on Polish office map. Expanding our cooperation with the same clients in different markets, we strengthen our position as leading property manager in Poland and Europe”, says Łukasz Mazurczak, Managing Director of MVGM in Poland.
MVGM is one of the biggest players on property management market in Europe. The company operates in 10 European countries, being responsible for 18,5 million sqm portfolio. MVGM in Poland consist of 120 experts, who manages a portfolio of over 1,36 million sqm of office, retail and industrial properties.