Home » News & blogs » Pan-European real estate manager MVGM Group leading the way on residential property management
news, property management, corporate
Lisbon, Portugal, April 7, 2021 – With decades of experience in the Netherlands, MVGM became a top tier pan-European Property Manager mid-2019 following the acquisition of JLL’s Property Management activities. While welcoming over 500 new employees in 10 countries and setting up over 20 new international offices, MVGM never forgot to focus on their initial ambition: being the European leader in property management.
Managing Director for Europe Maarten de Haas joined MVGM on 1 January 2020. Strengthening the MVGM Board, Maarten continued the journey by extending the international presence with partnerships in France, Italy and the UK. Furthermore, he also initiated and rolled out MVGM’s residential property management service throughout Europe. “Local presence and local knowledge combined with international expertise is of utmost importance to our clients and we are proud of the swift scale-up that MVGM went through in the past year.”
The real estate management portfolio that MVGM was privileged to inherit from JLL existed primarily of commercial assets. With decades of experience in Residential Property Management in Germany and the Netherlands, it was a logical choice for MVGM to join international forces in project teams with local – and international experts and residential experts. With a solid infrastructure, an excellent technology platform and dedicated teams, MVGM managed to broaden and roll-out the residential property management service offering into all 10 countries where MVGM is active. And very successfully: MVGM has won various mandates in different countries since the last quarter of 2020.
Beside the ongoing growth of business in the Netherlands and Germany, MVGM has recently won several mandates in Spain, Portugal and Romania. MVGM is managing mostly apartments and single family homes in those countries. Investors are looking to broaden their investment scope by adding residential to their portfolios.
MVGM European Residential Operations Manager Bas van Winden, “It is a pleasure to work with our strongly motivated teams across Europe in the residential business. Together we have established residential property management in the local markets and implemented the European data protection regulation and local housing legislations in our services. This big success of winning several mandates show that investors are aware that residential property management is not an easy task. MVGM is not only servicing investors with getting a higher return on their investment, but we also ensure that tenants feel safe and at home in our buildings.”
In the Portuguese market, MVGM is continuing its ambitious growth plan through a new residential mandate from an international investor with an office in Lisbon, who plans to invest 25 to 30 million euros in Portugal in 2021 alone. This investor is focusing on the Lisbon metropolitan area, specifically in the regions surrounding the Portuguese capital, and trusted MVGM with the management of a portfolio which includes 50 houses, but is expected to grow up to near 300 homes until the end of this year. This mandate will be managed by the Portuguese residential unit unveiled by MVGM in the second half of 2020. All houses in the portfolio are located in the Lisbon Metropolitan area and MVGM will provide integrated services including commercial, technical, operational, administrative and financial management of all residential units.
Miguel Kreiseler, Managing Director of MVGM Portugal: “In order for residential investments to really be crisis-proof, professional management must play a crucial role. We are very proud to be given the opportunity to manage a residential portfolio with such potential, and are taking a very ambitious approach to residential property management, a segment in which MVGM has been very successful”.
De Haas “we see a significant increase of investors that acquire residential units; we now have a great opportunity to partner with our clients and tenants in the rising residential market in Europe. We are the first top tier European property manager to extend our services also in the residential space and we are very proud to receive the trust of our (new) clients to manage their residential properties.”