The acquisition of OTUS significantly strengthens Northern Horizon Capital’s on-the-ground management and deal sourcing capabilities in Germany, with offices in Munich and Cologne in addition to the headquarters Berlin. In Germany, Northern Horizon Capital will handle its future investment activities and deal sourcing of commercial real estate investments via OTUS.
Northern Horizon Capital’s Head of Germany and future CEO of OTUS, Georg Haider, comments: “Through the addition of the OTUS team we will be broadening our management capabilities in Germany, and it improves our ability to source and manage commercial real estate opportunities for our institutional investor client base. The partnership will also allow us to in-source the property management functions of our current investment products in Germany to provide a more streamlined service to our clients.”
Stephan Pristaff, who remains as second CEO of OTUS, comments: “We are pleased to join the Northern Horizon Capital group and look forward to developing investment opportunities and managing the German assets for the combined client base of OTUS and Northern Horizon Capital. In particular, with Germany as an investment location continuing to attract significant capital inflows, not least from Northern European institutions, we see great potential in the cooperation with Northern Horizon Capital.”
The Group CEO of Northern Horizon Capital, Michael Schönach, adds:
Germany, with its strong economy and liquid real estate market, is a strategic market for us and we see tremendous opportunities in providing a more comprehensive management service for our investor clients in the German market. We warmly welcome the OTUS team into the Northern Horizon family.