IC Immobilien Holding AG
Bankhaus Ellwanger & Geiger KG / IC Immobilien Holding AG: Strategic cooperation set up between IC and Ellwanger & Geiger
IC Immobilien Holding AG / Key word(s): Alliance 17.02.2012 / 11:51 --------------------------------------------------------------------- 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@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@ic-group.de End of Corporate News --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 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@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 --------------------------------------------------------------------- 157217 17.02.2012
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