23rd June 2016 - Immobilien Zeitung
HPBA Won’t Partake in Bidding Processes
The transaction-adviser HPBA is set to grow even though its director stays away from public bidding processes.
John Amram founded HPBA in 2009 and has set himself a high target: overseeing real estate transactions with a total volume of around one billion euros by 2019. He’s on the right track: in 2015 the sum stood at 400 million euros, and this year he is hoping to acquire 500-600 million euros.
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This article was originally published in German only. A summary in English is available.
Summary
HPBA, which was founded in 2009 by John Amram, has been growing steadily over the past few years and is expecting to oversee property deals with a total transaction volume of one billion euros. The subsequent paragraphs discuss the feature setting HPBA apart from other, similar companies: the fact that they specialise in off-market deals, meaning that Amram does not participate in traditional bidding processes. The rest of the article discusses the advantages of this, such as avoiding the costs a bidding process brings with it and increased discretion. It concludes by also attributing the increasing success of HPBA to the popularity of the German real estate market, especially that of Berlin.
