Alvarez & Marsal buys Germany’s Captiva Capital Management

US-owned professional services firm Alvarez & Marsal this week bought Captiva Capital Management GmbH, a Hamburg- based real estate asset management firm. CCMG will now be called A&M Captiva , with which A&M aims to provide end-to-end real estate advisory, asset management and investment services.

A&M Captiva will now manage about €700m in German commercial real estate assets on behalf of institutional clients. According to Robin Priest, A&M’s European CEO, “Germany is a key European real estate market for international investors. Our objective is to substantially increase assets under management and to expand our presence both in Germany and across Europe. 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.”