Aedifica announced that it holds subsidiary Aedifica Asset Management GMBH. This subsidiary will advise and support the company in the growth and management of its real estate portfolio in Germany. Through this new subsidiary, the company sharply expands its operational capacity as well as its presence on the German market.

The company also announced that Mr. Martin Engel (47), MRICS, has taken up the position of “Geschäftsführer” (managing director) of this new subsidiary. He previously worked for GE Real Estate as Originator and Senior Asset Manager for over 10 years, and among other responsibilities managed the senior housing portfolio since 2005.