Tattersall Lorenz takes over property management for office property portfolio for fund advised by Tristan Capital Partners

Tattersall Lorenz Immobilienverwaltung und -management GmbH (Tattersall Lorenz), an owner-managed medium-sized property manager headquartered in Berlin, has been entrusted by “CCP 5 Office Selection” a fund advised by Tristan Capital Partners LLP with the technical and commercial property management of an office property portfolio consisting of seven properties. The asset manager responsible for the properties is Sonar Real Estate GmbH.

The properties are located in Berlin, Düsseldorf, Frankfurt, Cologne (2), Hamburg and Munich. They were built between 1962 and 2008 and have a combined rental area of around 84,000 square metres.

Initially, Tattersall Lorenz has taken over the management of one of the two office properties in Cologne, Siegburger Straße 229c. It has a rental area of around 7,500 square metres. The largest occupier is Omya GmbH. The mandate for the property at Mercedesstrasse 6-12 in Düsseldorf, which is approximately 21,000 square metres and where Commerz Real is the main occupier, will begin on 1 July.

The property management of the other five properties will be taken over by Tattersall Lorenz in October 2021 and January 2022. The portfolio will be managed by the offices in Berlin, Düsseldorf, Frankfurt, Hamburg and Munich.

Susanne Tattersall, founder and managing partner of Tattersall Lorenz, comments: "We are delighted to be appointed by a renowned international fund manager such as Tristan Capital Partners. This speaks for the fact that the quality of the work we have done so far is also being noticed beyond Germany. At the same time, with Sonar Real Estate as asset manager, we have a partner at our side with whom we have already worked successfully on the 'Roxy-Palast' in Berlin."

Nick Puschkasch, Managing Partner at Sonar Real Estate, confirms: "The good cooperation with Tattersall Lorenz is based in particular on the entrepreneurial approach that Sonar Real Estate also represents. We also believe that it is important, especially in challenging times, that real estate is actively managed and not just administered.”