Henderson Park is planning to use GBI鈥檚 management expertise and 鈧�1.5 bn portfolio of various living real estate asset classes as a springboard across Germany.
London-based Henderson Park is deploying equity from one of its funds to make the majority stake acquisition in GBI, who expects to accelerate growth plans for sustainable and ESG-compliant real estate projects in subsidized and private market residential, serviced apartments, student housing and senior living concepts, under its established SMARTments brand.
Reiner Nittka, CEO of GBI, said: 鈥榃e welcome Henderson Park as our new majority shareholder. We share the same vision as Henderson Park, who is investing on behalf of institutional clients with a strong focus on ESG. Equally, we are pleased that the Moses Mendelssohn Foundation, GBI鈥檚 former majority shareholder, will stay invested in the company with a minority stake and our existing cooperation will continue.鈥�
Christophe Kuhbier, MD at Henderson Park, said: 鈥楪BI鈥檚 management team has built an impressive business. There is clear demand for the ESG-compliant real estate that GBI has a track record of delivering, and we鈥檙e confident in our ability to jointly scale the platform, whilst working in close coordination with GBI Capital鈥檚 investors to accelerate quality new home developments.鈥�
Rothschild & Co acted as financial adviser to GBI in relation to this transaction.
