New German firm, PAMERA Asset Management, secures instruction on prime Frankfurt office scheme.

Dec. 31, 2010 - PRLog -- New German Firm Secures Instruction on Prime Frankfurt Office

PAMERA Asset Management, a newly formed German real estate company, has landed a prime instruction in central Frankfurt having been appointed by LaSalle Investment Management on the letting of one of the city’s most prestigious office developments, the 4,600 sq m (49,500 sq ft) “Borsentor” scheme in the heart of the financial district.

PAMERA Asset Management GmbH was established by Gunther Deutsch (founder of Metis Asset Management GmbH) and Christoph Wittkop in September and has rapidly established a strong reputation in the German real estate market.  The firm has offices in Frankfurt, Hamburg, Mülheim Ruhr, and Munich along with an office in Fort Lauderdale, Florida.

Gunther R. Deutsch says: “There are very few opportunities for occupiers to acquire buildings of this size and quality in central Frankfurt in the foreseeable future.  The attractive, modern design, combined with own underground car park, is already generating interest from a number of businesses despite completion of the scheme being over a year away.”

Christoph Wittkop adds: “PAMERA was established with the aim of providing transaction-oriented asset management of commercial property and real estate portfolios for investors and financial institutions.  This approach, combined with our proven track record and huge experience of letting management and property marketing across Germany, has been rewarded with this prestigious instruction.”

Uwe Rempis, Head of Asset Management Northern Europe for LaSalle Investment Management, comments: “We decided in favour of PAMERA because we found their combination of letting co-ordination, coupled with presence in the local market and understanding of LaSalle’s concerns as an institutional Investor, to be the most convincing.”

The new development, owned by the LaSalle German Income and Growth Fund, is located in Börsenstraße, close to the Alte Börse and Goethe¬straße - Frankfurt’s luxury shopping street.  The seven-storey building is expected to be awarded a Gold LEED certificate, confirming its green credentials.

The LaSalle German Income and Growth Fund is a closed-end real estate fund which has approximately 1 billion Euros invested in German commercial property.

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Notes for editors:

PAMERA Real Estate Group comprises three owner-managed companies:

•   PAMERA Asset Management GmbH
•   PAMERA Development GmbH
•   PAMERA Real Estate Partners GmbH

The group’s range of services include the active management of portfolio properties, letting and transaction management for institutional investors and banks, project development of new and existing properties, the management of private real estate assets and the development of bespoke property investments.

PAMERA Real Estate Group has offices in Frankfurt, Hamburg, Mülheim Ruhr, Munich and Fort Lauderdale (USA).
   
For further information please contact:   
   
Andrew Barber   +44 20 7280 9608 or +44 7989 553 903
Revolution Public Relations   
andrew@revolution-pr.co.uk
http://www.revolution-pr.co.uk

   
Christoph Witkopp   +49 69 900 20610
PAMERA Asset Management   
wittkop@pamera.de
http://www.pamera.de


Image:   http://revolution-pr.co.uk/Borsentor-Frankfurt-Image

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