Mannheim, 14 July 2020 – The Alpha Real Estate Group, a Germany-wide asset and investment manager specialising in the residential sector, is looking back on a successful first half of 2020: From January to June this year, the Mannheim-based property company succeeded in increasing its turnover by over 35 million euros compared to the same period the previous year – an increase in turnover of approximately 270 %. This means that the Alpha Real Estate Group is set for a record year in its company history.
“Thanks to this strong growth, we have confirmed our market position as a leading apartment privatiser in Germany; this reinforces our plans to grow further. This year, for the first time, we are targeting turnover in excess of 100 million euros”, says Alexander von Cramm, CFO of the Alpha Real Estate Group since January this year. The Alpha Real Estate Group’s development is based on a significant expansion of its privatisation sector: The company has bought over 475 residential units this year alone and has, in turn, privatised 222 apartments. The privatisation expert currently has a total of over 935 units for sale or being prepared for sale.
The Alpha Real Estate Group had already experienced a significant growth in turnover last year: In 2019, they successfully reached an increase of 85 % compared to 2018. This made the company one of the fastest growing real estate actors in the whole of Europe. This was confirmed by the Financial Times’ FT 1000 Ranking: the Mannheim-based company was placed in the top 30 at the beginning of the year.
“Compared to last year, we have increased the number of employees from 32 to 48. Our personal growth goes hand in hand with the development of our business activities”, says Samuel Habte, Head of Business Development at the Alpha Real Estate Group. “We invited Alexander von Cramm to join our management board in early January with the aim of strategically driving our dynamic development. In addition, Denis Gebhardt and Paul Schumann were appointed Head of Asset Management and Head of Finance respectively during the first quarter, thus creating two new and important positions within the company.”
About the Alpha Real Estate Group
The Alpha Real Estate Group is a Germany-wide asset and investment manager specialising in the residential sector. Its focus of activity is on the privatisation of residential portfolios. Its offerings enable the Alpha Real Estate Group to realise the full potential of private and professional investors as well as leasers and owner-occupiers. A comprehensive range of services in the property management sector completes the portfolio of this fast-growing real estate company.
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