Hannover, 26 September 2016 – Hannover Steel Real Estate Advisors, the Hannover based investor and asset manager, has confirmed plans to target €70m of new investment in to the German office market.
Hannover Steel with their existing office portfolio of ca. 25,000 sq m, in multiple locations in both Bremen and Hannover, will continue to target strong yielding office assets where value can be delivered through active asset management.
As part of the planned investment program, Hannover Steel have partnered with Kintyre, the real estate manager headquartered in Frankfurt. Kintyre with its dedicated platform in Germany will act as real estate manager for the venture, thus allowing the management team at Hannover Steel to focus on new acquisition pipeline and continuing to driving value through their intensive asset management approach.
Fergal Creed, Hannover Steel – Partner said: “We are excited to be working with Kintyre to enhance our operational capabilities around tenant engagement, operating cost management and reporting. We anticipate a successful collaboration as we look to execute our expansion strategy in the secondary office markets in Germany.”
Adam Pearce, Kintyre Management GmbH – Partner said: “We are very pleased that through Kintyre’s established platform in Germany we will be able to support Hannover Steel in their growth ambitions for this market.”