4IP buys Sal Oppenheim property investment business

The management of 4IP and Sal Oppenheim Corporate Finance has acquired the real estate investment business of Sal Oppenheim jr & Cie. Corporate Finance that was established four years ago.

'The 4IP team considers the management buy-out an opportunity to ensure a secure, long-term relationship for its clients through the bound commitment of the management team,' the company said, adding that management is convinced that its considerable experience in indirect real estate investments as well as 4IP's existing track record, will provide a solid foundation for success.

4IP Management (4IP) is a dedicated specialist of listed and non-listed real estate investments which advises both institutional and high net worth investors on their global real estate investments.

Ulrich Kaluscha, CEO and head of Non-Listed Real Estate Funds, said: 'The team believes that indirect real estate investments offer attractive opportunities in the coming years and therefore will play an important role in the asset allocation of investors,' she said. 'We look forward to providing independent professional advice during this important part of the cycle. The demand for an improved alignment of interest, which has increasingly been the focus of investors over the last couple of years, is evidently addressed in an owner-managed business.'

Claudia Reich Floyd, head of Real Estate Securities, sees the management buy-out as a logical step for 4IP. 'The entrepreneurial spirit of the team and the prospect of an equity participation in the business proved the determining factors in my decision to join 4IP from Citi Property Investors almost three years ago. I am convinced that a stable, successful investment strategy is closely linked to a long-term commitment from the team,' she said.