Arrow Global expands into Germany with acquisition
Private credit and real estate manager Arrow Global has expanded into Germany with the acquisition of Interboden.
Interboden, a real estate development firm, was bought by Arrow Global’s German subsidiary, for an undisclosed amount. Founded in 1950, Interboden currently manages projects with a gross development value over €500m (£426m).
As part of the deal all the employees and related servicing contracts across the firm’s offices in Dusseldorf, Berlin and Leverkusen will move over to Arrow Global Germany.
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Bernhard H. Hansen, previously chief executive of Vivico RE and head of construction at the European Space Agency, has been appointed as interim chief executive. Two shareholders of the company, Dr. Thomas and Reiner Götzen will be leaving to seek new opportunities.
The deal comes after Interboden filed for insolvency in February 2024.
“Interboden’s capabilities provide Arrow with immediate scale and presence in one of Europe’s largest real estate markets,” said Zach Lewy, founder and chief executive of Arrow Global.
“Our opportunistic real estate strategy focuses on acquiring assets with substantial value-add and repositioning potential. This acquisition, for a minimal outlay, is perfectly aligned with our objectives and leverages Interboden’s deep local expertise.”
Dr. René Maler, CFO of Interboden, said: “Joining Arrow’s network of local servicing platforms will enable our business to grow by combining our local knowledge and expertise with an institutional approach to investment during a time of stress in the German real estate market.”
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