US private equity firm Colony Capital has taken a 50% stake in German real estate fund and asset manager Hamburg Trust.
US private equity firm Colony Capital has taken a 50% stake in German real estate fund and asset manager Hamburg Trust.
The stake was sold by Berlin-based Hamburg Trust Holding (HTH), which retains a half-share in Hamburg Trust.
Colony Capital funded the deal via a combination of a capital increase and its own reserves.
Dirk Hasselbring, CEO of HTH, said: ‘The strengthening of our capital base is a very good basis for further initial investments of real estate portfolios and for exploiting project development opportunities. This will significantly accelerate our institutional asset management.’
Founded in 1991, Colony Capital is a NYSE-listed real estate private equity and investment advisory firm with a fund volume of more than $24 bn (€21 bn). Its Berlin office was opened in 2011.
Hamburg Trust is a fund and asset manager for international real estate investments. Since its foundation in 2007 the company has launched 21 retail real estate funds and two special funds.
Hamburg Trust has assets under management of about €1.2 bn and recently launched it's first real estate fund for charitable foundations and currently plans to initiate two special-AIF (alternative investment funds) with an overall volume of more than €500 mln.