International services Group Alvarez & Marsal has acquired Captiva Capital Management, a Hamburg-based real estate asset management firm.

International services Group Alvarez & Marsal has acquired Captiva Capital Management, a Hamburg-based real estate asset management firm.

CCMG will now be called A&M Captiva and will enable A&M to provide end-to-end real estate advisory, asset management and investment services.

Continuing under the direction of Stephan Fritsch, A&M Captiva manages some €700 mln in German commercial real estate assets on behalf of institutional clients.

Robin Priest, leader of A&M Real Estate Advisory Services in Europe, will support the growth of the A&M Captiva business and will serve with Fritsch on the A&M Captiva Management Board.

'Our objective is to substantially increase assets under management and to expand our presence both in Germany and across Europe,' commented Stephan Fritsch of A&M. 'As a ‘'hands-on'’ asset manager, we are well positioned to handle the acquisition and sale of assets and portfolios on behalf of clients as well as the associated leasing, refurbishment, maintenance and oversight of day-to-day property management, which are all central to achieving their business objectives.'