Arrow Global Germany, a subsidiary of Arrow Global Group, has acquired the operating platform and assets of real estate business Interboden GmbH & Co.
Arrow said that the deal would build on its servicing footprint in Germany and provided the operational capabilities to expand real estate servicing and equity investment opportunities across the region.
Founded in 1950, Interboden has established strong credentials in residential development, with notable expertise across the entire value chain.
Currently managing projects with a gross development value in excess of €500 mln, the Interboden team has been at the forefront in developing innovative large-scale projects with strong environmental, social, and governance (ESG) credentials.
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.
Bernhard H. Hansen has been appointed as interim CEO, bringing over 35 years of domestic real estate development experience.
His previous roles include CEO of Vivico RE, CEO of Deutsche Interhotel, and head of construction at the European Space Agency.
Hansen will lead the company alongside the existing management team. The two previous shareholders, Dr. Thomas and Dr. Reiner Götzen, will depart to pursue new opportunities.
Zach Lewy, founder, CEO, and chief investment officer at Arrow Global, said: 'Interboden's capabilities provide Arrow with immediate scale and presence in one of Europe's largest real estate markets.
'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.
'We are excited about the opportunities this creates as we become an important part of Arrow’s real estate and credit investment proposition.'
