JRE CEO Benedikt Jagdfeld: “We have broken the one billion euro mark in the retail sector”

Jagdfeld Real Estate exceeds €1 billion in assets under management (AuM) in the retail sector for the first time/ Retail decision-makers remain optimistic at “Retail Dinner” meeting/ Asset classes must become even more permeable

The challenges remain, but so does the optimism – that is the quintessence of this year’s “Trade Dinner” meeting of asset manager Jagdfeld Real Estate. “Change in retail is a marathon. We are all the more pleased to be growing in these times and to be managing retail properties worth more than one billion euros for the first time,” explained Benedikt Jagdfeld, who manages real estate worth a total of around three billion euros.
“We could do even more, but we only want to do what makes sense and is enjoyable for everyone involved in the long term. You have to be interested in the figures and the property, otherwise it won’t work in the medium term,” added the head of Jagdfeld Real Estate at yesterday’s “Handelsdinner” meeting at the “China Club Berlin”.

Once again, almost 100 representatives of well-known retail companies, young retail concepts and institutional investors came together to exchange ideas and network in Germany’s most exclusive members’ club. The decision-makers agreed that the individual asset classes must become even more permeable in order to keep locations fit for the future.

“Retail is strengthening itself with local supply, gastronomy and entertainment or mixing with residential and service areas. Retail spaces become schools or kindergartens. And a hotel can become a university. For us, these are not just empty words, but concretely implemented projects,” reported Marius Lorenz, Head of Leasing at Jagdfeld Real Estate. “The profile of the district and specialist store locations that have benefited in the last few crisis-ridden years must now also be sharpened,” Lorenz continued.

For the company, which is based in Düren and operates throughout Germany, successful space transformation is also reflected in an outstanding occupancy rate of currently more than 98%. The best example of this is Berlin’s “Rathaus Center Pankow”, which has been able to further expand its dominant position thanks to refurbishment, space expansion and a higher-quality tenant mix and now has waiting lists for prospective tenants. The same applies to the LIO shopping center, also located in Berlin, which is fully let for the first time in its history. Second place in the Germany-wide “Shopping Center Performance Report” for tenant satisfaction is therefore a result that comes as no surprise.

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