Alvarez & Marsal announced that it has acquired Captiva Capital Management GmbH (“CCMG”), a Hamburg, Germany-based real estate asset management firm. CCMG will now be called A&M Captiva and will enable A&M to provide end-to-end real estate advisory, asset management and investment services that will benefit clients.
Continuing under the direction of Stephan Fritsch, A&M Captiva manages some €700 million in German commercial real estate assets on behalf of institutional clients, providing them with direct access to a broad, diversified network experienced in all sectors of the real estate market.
Robin Priest, leader of A&M Real Estate Advisory Services in Europe, will support the growth of the A&M Captiva business and will serve with Fritsch on the A&M Captiva Management Board.
According to Mr. Priest, “Germany is a key European real estate market for international investors. The A&M Captiva team’s extensive experience and credibility in real estate asset management, combined with A&M’s multi-national platform will create tremendous opportunities. It is a natural step in broadening A&M’s real estate service offering.”
According to Mr. Fritsch, “Our objective is to substantially increase assets under management and to expand our presence both in Germany and across Europe. As a ‘hands-on’ asset manager, we are well positioned to handle the acquisition and sale of assets and portfolios on behalf of clients as well as the associated leasing, refurbishment, maintenance and oversight of day-to-day property management, which are all central to achieving their business objectives.”
Source: Alvarez & Marsal