In 2015 Boxberg Capital, together with a partner, acquired Business Campus Mainz, a ca. 45,000 sqm office campus with some 1,000 parking spaces. Boxberg AM now leads the operating and asset management implementation.
Before acquisition, a business plan was developed, which contained a broad range of measures necessary to upgrade and future proof this investment. Post-acquisition, the business plan was refined and adapted to maximise shareholder value, whilst considering the interests of stakeholders, and to ensure an efficient and cost-effective implementation. The business plan includes a comprehensive, yet targeted, modernisation and capital expenditure program to ensure that Business Campus Mainz continues to perform as a modern office campus and is able to serve the needs of a broad range of tenants. Alongside the physical modernisation, we also felt the necessity to completely reset the branding and leasing approach for this asset.
Business Campus Mainz is an asset management intensive asset with 50+ office tenants and hundreds of parking tenants. In addition, a broad range of service providers and specialists are involved in the business plan and capex implementation as well as in a successful leasing program. Boxberg AM manages and oversees this process. Boxberg AM also coordinates a comprehensive reporting and control cycle to facilitate efficient analysis and effective control.
Our success to date has shown that this approach has worked.