Real Estate competence has a new name

BIH Holding and ARWOBAU have merged into Berlinovo Immobilien Gesellschaft mbH

Berlinovo Immobilien Gesellschaft mbH came into existence with the merger proposal of 26 June 2012 between BIH Berliner Immobilien Holding GmbH and ATIRA Immobilien-Verwaltungsgesellschaft mbH, transferred from ARWOBAU GmbH, and with the simultaneous transfer contract between IBV Immobilien Beteiligungs- und Vertriebsgesellschaft of the BIH-Gruppe mbH and BIH GmbH.

Roland J. Stauber, managing director of berlinovo’s real estate and funds section, pronounces to this end: “The active real estate service and funds business of the former BIH Group are merged into and continued by a streamlined and efficient new company marked by entrepreneurship and owned by the federal state Berlin. Only the apartment business in Berlin will be continued under the established and proven ARWOBAU name. In order to visibly and publicly emphasize this carefully piloted development, Berlin Immobilien Holding is operating now under a new name. BIH became berlinovo.”

The Berlinovo Immobilien Gesellschaft mbH stands for versatility and innovative capability, as well as for entrepreneurial vision and responsibility. At the same time, the new name points the way to the future of the company.

As part of the consolidation, the complex structure of the group has been simplified, the corporate capacity to act has been augmented, and tasks have been clearly rearranged.
berlinovo is on its way to becoming an advanced and success-oriented real estate company owned by the federal state Berlin, focusing on the management of assets, properties, and funds as its core competencies. The stated goal continues to be the purchase of all shares in order to obtain complete freedom of action over the portfolio of the 24 funds.

Kira Baitalskaia, commercial managing director of berlinovo and also head for HR, states: “On its ambitious course towards becoming a leading real estate company based in Berlin, berlinovo continues to build on its trusted team of motivated and competent employees. Personnel continuity is not only vital for operative business but also for berlinovo’s strategic development.”