Halverton Real Estate Investment Management Ltd., London, has executed the call-option which was agreed when its German subsidiary was originally founded and now holds 100% of Halverton Real Estate Investment Management GmbH. The purchase was made from a private equity company, a member of the NAI apollo Real Estate Group.
"At the time we established the German business, we selected a short term strategic partner in NAI apollo. The business has grown rapidly in its first 15 months of operation which is a testimony to the success of that strategy and the partnership with NAI apollo, which always had a pre-defined duration. With this corporate re- organisation and the imminent opening of our office in Munich, to add to our presence in Frankfurt and Berlin, Halverton is well placed to benefit from the opportunities available in the German market." commented Alexander Hoff, Halverton's Head of German Operations. "NAI apollo group will of course stay an important partner in our acquisition strategy" Hoff made clear.