DGAP-News: Bankhaus Ellwanger&Geiger KG / IC Immobilien Holding AG: Strategic cooperation set up between IC and Ellwanger&Geiger
(firmenpresse) - DGAP-News: IC Immobilien Holding AG / Key word(s): Alliance
Bankhaus Ellwanger&Geiger KG / IC Immobilien Holding AG: Strategic
cooperation set up between IC and Ellwanger&Geiger
17.02.2012 / 11:51
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Unterschleißheim near Munich, 17 February 2012 - IC Immobilien Gruppe and
banking company Ellwanger&Geiger have set up a strategic cooperation. As
part of this cooperation, Ellwanger&Geiger will, from now on, make use of
the property management services provided by the IC Gruppe, whilst IC can
draw on Ellwanger&Geiger's expertise in its market-ing and leasing
activities. Furthermore, IC will acquire Ellwanger&Geiger Immobilien
Management GmbH. This acquisition will strengthen IC's na-tionwide presence
in the German property management sector and demonstrates the group's
further expansion, particularly in the south of Germany.
'The cooperation is beneficial to both companies. IC is incredibly
competent when it comes to property management,' says Mario Caroli from
Ellwanger&Geiger. He adds, 'Ellwanger&Geiger can now reliably draw on
this competence in close partnership'. 'Ellwanger&Geiger is a banking
company with a high level of expertise in real estate. Its products and
services are targeted at both private and institutional investors. We can
now better support our customers by being able to capitalise on Ellwanger&Geiger's professional knowledge of marketing and communicating real
estate,' remarks Oliver Priggemeyer, CEO of the IC Gruppe.
'Ellwanger&Geiger and IC are both medium-sized companies. This has the
advantage of short lines of communication when collaborating, which is
particularly beneficial for decision-making processes. There is direct
contact between senior staff and management. As a result, there are no long
and complicated coordination processes,' explains Caroli. 'As part of our
collaboration, it is of great importance to us that working processes
function smoothly and are aligned with one another in order to avoid any
losses due to friction. A reliable and trusting cooperation is therefore
just as important as being able to utilise the various strengths of each
partner.
The medium-sized structure of both companies is extremely helpful in this
regard. It should also be added that Mario Caroli and I have known each
other for around 15 years and are extremely acquainted with each other,'
continues Priggemeyer.
'With the acquisition of the property management business area from
Ellwanger&Geiger we are continuing to implement our growth strategy and
are even exceeding our goals,' says Priggemeyer, adding 'We had strived for
a managed assets volume of around 10 billion euros by the end of 2011. With
the purchase of the property management division from Ellwanger&Geiger we
are now managing around 12 billion euros of real estate assets which makes
us one of the market leaders in Asset&Property Management. This
additional purchase allows us to consolidate our network in Germany.
Besides the metropolises we are also reaching smaller towns and cities
across the country. This, in turn, means that we are continuing to gather
pace on the market,' expresses Priggemeyer.
About Ellwanger&Geiger:
Seated in Stuttgart, the bank of Ellwanger&Geiger KG offers its clients
services in the four areas 'real estate,' 'institutional banking,' 'private
banking' and 'private real estate.' Founded in 1912, and thus looking back
on a long-standing tradition, Ellwanger&Geiger interacts with the real
estate business in a wide variety of fields. Indeed, the bank created the
first, and for a long time only, index for German real estate stock - the
E&G DIMAX. In addition to real estate stock funds, Ellwanger&Geiger also
designs institutional real estate funds, and ensures the provision of
professional asset management and property management services.
Contact:
Gerd Johannsen
Dr. ZitelmannPB. GmbH
Büro Hamburg
Stellahaus
Rödingsmarkt 52
20459 Hamburg
Tel.: +49(0)40-30 99 79 88 4
Fax: +49(0)40-30 99 79 88 8
Mobil: +49(0)151-117 617 17
johannsen(at)zitelmann.com
About IC Immobilien Gruppe:
The IC Immobilien Gruppe focuses on asset and property management for
German and international, institutional real estate investors. Besides
this, the group, with its head office in Unterschleissheim near Munich,
manages real estate funds issued both by the company and by third parties.
With nine sites and around 240 employ-ees, IC covers almost the whole of
Germany and also has two further branch offices in North America. The IC
Group provides services to a total of over 15,000 private and institutional
investors and administrates an investment volume of about 12 billion euros.
Contact:
Stephan Holeczek
IC Immobilien Holding AG
Ohmstraße 4
85716 Unterschleißheim
Tel.: 0049/89/55 22 7-362
Fax: 0049/89/55 22 7-355
E-mail: investor.relations(at)ic-group.de
End of Corporate News
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17.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IC Immobilien Holding AG
Ohmstraße 4
85716 Unterschleißheim
Germany
Phone: +49 (0)89 / 55227-362
Fax: +49 (0)89 / 55227-355
E-mail: stephan.holeczek(at)ic-group.de
Internet: www.ic-group.de
ISIN: DE0005632160
WKN: 563216
Listed: Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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157217 17.02.2012
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Datum: 17.02.2012 - 11:51 Uhr
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News-ID 115936
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