Arrow Global is strengthening its servicing offering in Germany by acquiring a local real estate developer in a deal expected to help the firm’s regional expansion in servicing and equity investments.
Through its German business, the alternative asset manager, specialising in credit and real estate, has invested an unspecified amount to acquire the operating platform and assets of Interboden, a company founded in 1950.
Interboden, which specialises in residential development, currently manages projects with a gross development value of over €500 million. The acquisition includes all employees and related servicing contracts across offices in Dusseldorf, Berlin, and Leverkusen, allowing Arrow Germany to support servicing arrangements and evaluate near term deployment opportunities across the country, it said.
Source: realassets.ipe.com on the 3rd of June