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| Hochtief takes over RREEF's unit Hochtief Property Management GmbH is taking over the property management unit of RREEF in Germany. The two companies have just signed a five-year service contract, covering 75 properties. RREEF (Deutsche Bank Group) is one of the leading vendors of open-ended and closed-end real estate funds in Germany. The properties concerned form part of RREEF funds for private and institutional investors. With this transaction, Hochtief will manage RREEF properties in Germany with an aggregate area of 500,000 square meters. The asset management function for these properties will remain with RREEF. write your comments about the article :: © 2007 Construction News :: home page |