CA Immo Completes German Property Management Restructuring, Outsources to IC Property Management

CA Immo has finalised the restructuring of its property management operations in Germany, transferring all related services to IC Property Management GmbH. The move marks the completion of the company’s broader strategy to outsource property management across all its core markets, following similar transitions in Austria and Central and Eastern Europe in 2022.

Until now, property management in Germany had been handled internally through DRG Immobilien, a subsidiary in which CA Immo held a 49% minority stake. As part of the reorganisation, all DRG employees responsible for CA Immo’s property management are joining IC Property Management, ensuring continuity and experience during the transition.

The outsourcing marks the end of what CA Immo described as a “non-value-adding joint venture” and forms part of the company’s ongoing effort to streamline operations and strengthen its focus on core business activities. The new structure, according to CA Immo, will simplify workflows, enhance transparency, and improve long-term asset performance and profitability.

Carsten Bachmann, Head of Asset Management Germany at CA Immo, said: “With the outsourcing of our German property management business we are advancing our strategic objectives to simplify our business model and focus operations on higher value add activities. Our tenants will continue to benefit from stable processes, transparency and a high level of service. At the same time, we at CA Immo are creating the conditions to manage our portfolio more efficiently, increase the performance of our properties in the long term and consistently focus our resources on value-creating asset management. In this way, we are combining stability in our operating business with clear strategic development.”

The company emphasised that tenants will experience no service disruption during the handover. IC Property Management, one of Germany’s leading operators of large-scale office properties, will continue to provide established processes and premium management standards.

By transferring its German operations, CA Immo has now achieved its objective of a fully outsourced property management model, enabling the company to concentrate on strategic asset management, development, and investment activities across its European portfolio.

Photo: Carsten Bachmann, Head of Asset Management Germany at CA Immo