Castleforge makes first acquisition in Germany

Castleforge Partners has acquired its first office building in Germany, in the historic old town of Bremen.

Located in the prime central business district, the 5,000-square-meter (53,820-square-foot) Martinistrasse building was acquired off market and is currently at 63 percent occupancy, presenting a repositioning opportunity for Castleforge. The building will be fully refurbished to enable the firm to introduce its flexible workspace provider, Clockwise, into the space, offering an alternative to traditional fixed-term offices.

Brandon Hollihan, founding partner of Castleforge Partners, said, "Bremen has a thriving economy, with a generation of young professionals and startups who are increasingly seeking flexible-office models as opposed to the usual traditional offering."