Generali Real Estate S.p.A. (“Generali”) and Savills have signed a property management contract whereby Savills will manage 55 Generali properties spread across Germany with a unique innovative concept. In what will be the start of a new era for property management in Europe’s biggest economy, this will include a tenant-focused approach with a distinctive organisational model and flexible IT solution that will provide data driven results. The portfolio comprises ca. 475,000 sq m of lettable space and includes offices, residential properties, retail assets and hotels located in the main cities in Germany.

The contract will start on 1 January 2025. The key person responsible for the according portfolio at Generali Real Estate is Torsten Butz. The senior account leads at Savills are Sebastian Karban and Xenia Donner.

Torsten Butz, Head of Asset Management Germany at Generali Real Estate S.p.A., says: “The team at Savills really convinced us with their new innovative concept with a focus on occupier needs, data driven property management and a unique solution where the IT is independent from both the asset manager and the property manager.”

Sebastian Karban, Managing Director, Property Management at Savills Germany, says: “This mandate is strategically important to our business and demonstrates Generali’s confidence in our pioneering customised property management concept. As of 2023, we have over 241 million sq m (2.6 billion sq ft) of property under management globally and 40% of our global revenue is from property and facilities management. This shows how significant the sector is for us. We continue to innovate new ways of working for the benefit of our clients and partners – from property management to agency and investment.”