Grossmann & Berger teams up with bank to launch services network

Real estate service provider Grossmann & Berger is joining forces with bank Ellwanger & Geiger to set up a new nationwide real estate network called German Property Partners (GPP).

GPP will offer services in the areas of real estate investment and commercial letting nationwide through its branch offices in Germany's Big Seven cities.

'We are a nationwide network of regionally leading real estate service providers with a background in banking,' said Andreas Rehberg, spokesman of GPP. The network has already opened branches in Hamburg, Berlin, Stuttgart and Munich.

Anteon Immobilien, based in Düsseldorf, has been a full partner of the cooperation platform from the start. Initial talks with potential partners in Frankfurt am Main and Cologne are already under way.

GPP's core services include property investment consultancy and advisory for commercial property lettings, property management, banking and financial services, as well as fund management and asset management.

The new real estate network is aimed not just at German clients but also at international companies, the founders said. 'Investors from outside Germany need the best local real estate competence that money can buy, and tend to need it in more than one location,' noted Guido Nabben of Anteon.