From March 2006, Halverton Real Estate Investment Management will have a presence in Germany's capital city. Halverton is taking over a complete asset management team from a competitor and adding a second German location to its existing office in Frankfurt am Main.
"This is a particularly fortunate development for us," says Alexander Hoff, head of Halverton in Germany, with satisfaction. "Asset managers with experience in the industrial real estate sector are not easy to find. This team's move to join us places us in an excellent position to realize our growth strategy." The Berlin-based asset management team will be augmented by an office manager and a financial controller, bringing the number of employees in the new branch to five for the time being.
The new office will be located in FriedrichstraÃe in Berlin-Mitte.
Halverton has also added to its Frankfurt office. A Head of Financial Controlling and an Asset Manager have joined Alexander Hoff’s team. "Berlin will not be the last office we open in Germany," is Alexander Hoff's confident assessment.
Halverton has invested some €120 million in the expansion of its German portfolio since the middle of 2005. By the end of 2006, Halverton’s German portfolio is scheduled to grow to around €400 million.