RITTERWALD assists MVGM in acquisition of property manager VIVANIUM
"Our customer MVGM has taken a further step forward in its growth strategy in recent years with the acquisition of VIVANIUM and now holds an outstanding position in the residential asset class in Germany."
The international real estate management company MVGM, one of the five largest providers in Europe, has acquired the Mannheim-based property manager VIVANIUM.
The step marks a significant expansion in MVGM’s property management activities in Germany. MVGM already manages around 7 million square meters of commercial real estate in Germany. The acquisition of VIVANIUM will add a further 2.2 million of commercial property and over 13,500 residential units to the portfolio.
RITTERWALD provided expert support to MVGM in the transaction, ranging from financial due diligence to creating a business plan for the group and valuing the acquisition target. For Lutz Rittig, Managing Director of RITTERWALD, and his team, assisting MVGM in another of its growth acquisitions was a great opportunity: “Our customer MVGM has taken a further step forward in its growth strategy in recent years with the acquisition of VIVANIUM and now holds an outstanding position in the residential asset class in Germany.”
The RITTERWALD project team consisted of Lutz Rittig (Partner), Michael Steinborn (Managing Expert) and Yakub Hanusch (Consultant).
MVGM is one of the Netherlands’ largest property managers. The Amsterdam-based company focuses on real estate management and has achieved significant growth over the past few years, currently employing over 1,500 people in 10 countries across Europe. MVGM’s German team comprises 260 employees (excluding VIVANIUM), who are in charge of managing over 750 properties in Germany covering almost 7 million square meters on behalf of over 100 customers at 16 locations.
VIVANIUM manages and develops office and residential properties, industrial parks and industry-related properties. With around 140 employees, VIVANIUM is a nationwide presence for private owners and institutional investors. VIVANIUM sets high standards when it comes to transparent property management. Its processes are highly digitized, and all available data is networked to ensure a comprehensive view of the portfolio and to provide customers with fast and transparent information.
RITTERWALD Unternehmensberatung GmbH is a specialized consulting firm for the real estate and housing industry in Europe. With a team of highly committed people operating from Berlin, Frankfurt, Amsterdam and London, RITTERWALD provides strategy consulting incl. M&A, finance and urban development services. With an excellent professional network and extensive market knowledge, we serve from 100.000+ housing companies to midsized housing cooperatives as well as regional and local authorities and real estate service companies.