DB Real Estate will operate from 13 offices around the world employing 500 real estate professionals and managing £21 billion of assets. DB Real Estate will take over the operations of Deutsche Asset Management in Australia; Deutsche Grundbesitz in Germany; Deutsche Bank Real Estate Private Equity Group and Deutsche Property Asset Management in London; DB Realty Mezzanine Investment Funds in New York and Deutsche Bank Fondimmobiliari in Italy.
'Each of the businesses that constitutes DB Real Estate has its own unique, well-established and well-respected franchise,' explained Richard Gunthel, Managing Director and Global Head of DB Real Estate. 'Our objective in integrating them is to enhance the value inherent in each franchise by generating maximum cross-border access to capital, deal flow and equally important, investment expertise.'
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