HOCHTIEF Property Management and Deutsche Asset & Wealth Management expand cooperation

Property Controlling International focuses on data and fact management for real estate outside Germany

Essen, (PresseBox) - As of January 1, 2014 HOCHTIEF Property Management has also taken on duties for real estate outside Germany for Deutsche Asset & Wealth Management (DeAWM). Oper-ating under the name of Property Controlling International, HOCHTIEF Property Man-agement is concentrating on figure and data management for the institutional investor's international real estate. DeAWM is primarily interested in quality assurance of the finan-cial and real estate data for the real estate portfolio under management. These data pro-vide the institutional client with important control leverage. HOCHTIEF Property Man-agement's duties include maintenance of the EDP platforms such as SAP, as well as following up on data and facts delivered by the international property managers. In the event of discrepancies, HOCHTIEF Property Management will liaise directly with the giv-en international property manager. Crucial success factors for this collaboration are sen-sitivity to the peculiarities of the individual international markets, and conveying the re-quirements for reporting which is so important to a investment company.

Dr. Ralf Lehmann, spokesman of the management board of HOCHTIEF Property Man-agement adds: " With Property Controlling International we are delivering a major quality building block for reporting on international real estate portfolios."

At the same to time as expanding their collaboration, DeAWM and HOCHTIEF Property Management have also extended their existing contract relating to the domestic real estate portfolio.

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