Go to deals
Private Equity | Real Estate

Morgan Stanley and Prelios have sold Harburg Carree to Erste Group Bank AG

Morgan Stanley and Prelios Immobilien Management GmbH have sold the Harburg Carree building complex to Erste Group Bank AG for an undisclosed consideration.

Harburg Carree is a multi-storey building complex located in the centre of Harburg. With a total area of 23,256 sqm, the property provides shops, offices and apartments, as well as 512 parking lots.

Erste Group Bank was founded in 1819 as the first Austrian savings bank. The group has around 46,000 employees and over 16 million clients in 2,800 branches in 7 countries. Erste Group is one of the largest financial services providers in Central and Eastern Europe.

Established in 1935, Morgan Stanley is a American multinational financial services corporation headquartered in Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries and has more than 1,300 offices and 60,000 employees. The main areas of business are global wealth management, institutional securities and investment management.

Prelios Immobilien Management is based in Hamburg and acts as a full service property manager for institutional and private German and international investors.

Oaklins’ team in Germany advised the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

Dr. Lutz  Becker

Dr. Lutz Becker

Associate Partner
Hamburg, Germany
Oaklins Germany

Related deals

Pragmatics has been acquired by World of Talents
Private Equity | Business Support Services

Pragmatics has been acquired by World of Talents

Pragmatics, a Netherlands-based leading provider of interim finance consultants, has been acquired by World of Talents (holding above House of Talents in Belgium and The Human Network in the Netherlands), an international HR group with a focus on profiles that are scarce and in high demand. By joining forces, Pragmatics and World of Talents will accelerate growth in the market for financial talents.

Learn more
Aareon AG has sold phi-Consulting GmbH to the management team
Private Equity | TMT

Aareon AG has sold phi-Consulting GmbH to the management team

Aareon AG has sold phi-Consulting GmbH to the company’s management team.

Learn more
Nova Consulting Group becomes majority shareholder in Egde Consulting
Private Equity | TMT

Nova Consulting Group becomes majority shareholder in Egde Consulting

Nova Consulting Group AS (NOVA) has become the new majority owner of Egde Consulting AS (Egde). With the acquisition, NOVA will significantly improve its foothold in the Norwegian market. The founders and existing employee-shareholders of Egde will retain a significant part of their shareholding in the company and the new ownership model will give all employees in Egde the opportunity to take part in the long-term value creation as co-owners of the company.

Learn more