US investment firm Denison and Porter is going to open its first office in Germany by the end of 2007. D&P has plans to establish an office in the growing real estate market of Muenster, a city in Western Germany.

As the company’s first office on the continent, this is an important step in forming a regional presence. D&P’s managing director announced the plans to a receptive audience of board members on Friday noting that “it is the character of this company which has permitted us to plant a seed in a market that is otherwise dominated by a very predictable demographic.”

The company plans to redirect equity investment currently focused in North America, to the new market and plans to open its second alternative private equity establishment, in the food services industry, by the first quarter of 2008. In addition, DP Deutschland will begin assessing a diversified group of private equity assets with the goal of acquiring its first commercial property by the second quarter of 2008.

Source: Newswire