Westend Bank AG has acquired 100 percent of the shares in Westend Estates GmbH (formerly: 7280 Property Management GmbH) from 7280 Improving Assets GmbH. With this acquisition, Westend Bank is strengthening its strategic position in the field of real estate management and expanding its commitment in this business area in a targeted manner. In doing so, it will use the established structures, personnel and existing mandates of the acquired company. Westend Estates has extensive expertise in the management and management of real estate portfolios with a focus on commercial real estate and thus ideally complements Westend Bank’s service portfolio.
Westend Bank, headquartered in Frankfurt am Main, is 100 percent owned by the Hopp family. With its Beyond Banking model, it combines individual financing solutions with exclusive family office services for wealthy families, family offices, companies and institutional investors.
Thomas Rosenfeld, Spokesman of the Board of Directors of Westend Bank, says: “With our investment in this professional property manager, we are expanding our family office platform to include holistic real estate management with high standards of service, quality and sustainable value development. The company complements our existing business very well and offers potential for the further development of our activities. Our clients benefit from a wide range of real estate solutions under the umbrella of Westend Bank.”
Claudia Keppke, Director of Westend Estates, adds: “We are pleased to have Westend Bank as a new shareholder who can strategically develop Westend Estates and support their growth in the long term.”
This investment is a consistent continuation of the strategic orientation and an important contribution to the further development of Westend Bank as a family office bank and provider of related services for wealthy families, companies and institutional investors.
