Home » News & blogs » Pan-European real estate manager MVGM Group leading the way on residential property management
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Madrid, 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.”
The Spanish MVGM team works for the residential portfolio of several investors. The entire property management process will be outsourced to MVGM from house rental up to being the first point of contact for the tenants.
“From the residential area of MVGM we manage all the operational activities of our clients’ residential investments. This allows them to focus 100% on their core business, while we help them to get the maximum return on their investment. Our track record and experience, both locally and internationally, allows us to provide a highly professional service, as we have an in-depth understanding of the needs and expectations of our clients, many of whom are institutional, with very specific requirements, procedures and reporting demands. We accompany them throughout the entire process, participating in the initial analysis of the asset, whether in the acquisition or design phase. This is especially valued in new Built to Rent investments as it provides them with security in a fairly new market in Spain, but one in which we already have experience in the Netherlands and Germany. The main objective is the stabilisation of the investment as soon as possible, organising the rental marketing, the operational management of the property and the planning of the necessary capex. . Always with maximum flexibility to adapt to the particularities of each client”, says Elisa Navarro, General Manager of MVGM in Spain.
Specifically in Spain, MVGM’s Residential team, led by Faustino García, has been working for the portfolios of several investors since its launch at the end of 2020. At a national level, the company successfully manages all the processes involved in a residential development, providing a Property Management Plus service, which includes initial analysis, design, opex organisation, capex, facility, marketing, commercialisation, tenant assistance, rotational management and project monitoring.
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.”