Commerz Real strengthens asset management division

Commerz Real has reorganised its asset management, to this end merging the Office and Industrial division with its Shopping segment. "In the future there will primarily be mixed use of real estate and this will require a holistic management approach," explained chief executive officer Andreas Muschter. From now on Commerz Real will set greater store by so-called hybrid concepts and in this framework also intends to modify selected properties such as shopping centres. "In this respect we are thinking in terms of neighbourhoods with a mix of retail trade, office, gastronomy, entertainme...