Platinum Property Management has been appointed the property manager for a logistics unit in Munich, let to Volkswagen.
This single-let 970,000 sq ft (90,000 sqm) logistics unit is strategically located in the center ring of Munich city. The site serves as Volkswagen’s strategic operation for the south of Germany and into Austria.
While Volkswagen has been in continuous occupation since 1974, expanding into new buildings over the years, the asset offers a number of potential value-enhancing opportunities, including initiatives such as actively engaging with the tenant to improve lease expiry profile and site expansion. Platinum will work closely with the asset managers to offer strategic advice and to help them realize the value-enhancing opportunities.
Platinum’s role will be liaising closely with the asset management team and managing the occupier relationships. Platinum will be providing the client with property management, property accounting, and client reporting services.