IPH takes over Center Management for MONA Shopping Center in Munich

The KGAL Group, a German Asset and Investment Manager, has appointed IPH Handelsimmobilien GmbH with the center management of the MONA shopping center. The subject property is situated in the immediate vicinity of the Olympia shopping center and comprises 20,800 sq m for office, retail, medical practices and food service providers. The scheme also contains one multi-storey car park for 200 cars as well direct access to the underground station on the lower floor.

IPH is an experienced center and property management company with 14 shopping centers in total, including others in Neumarkt, Rastatt and Regensburg. Julia Graf, team leader of center management at IPH and responsible for the southern regions in Germany, commented: “MONA with its attractive and modern supply of local amenities such as restaurants and shops should strengthen the status of Moosach as a shopping location. For this purpose, it is necessary to increase the level of awareness within the catchment area and to gain additional innovative partners. We look forward to this new challenge.”

The property is owned by an alternative investment fund (AIF) of the KGAL Group for institutional investors. André Zücker, Chief Executive Officer of KGAL Investment Management GmbH & Co. KG, added: „We are pleased that MONA is managed by IPH. Owing to their experience and profound market knowledge we are sure, that they are ideally placed to manage and further develop the scheme.

Your contact:

Joachim Stumpf

Tel: +49 89 55118-143

E-Mail: stumpf@bbe.de