BMB Group, an investment and advisory firm, has made two acquisitions in the first of a series of purchases intended to boost the firm’s real estate assets under management and capitalise on opportunities that “continue to elude bulge bracket banks”.

The company has acquired European firm Contrarian Capital Partners and its subsidiary, Beacon Hospitality Partners, a real estate advisory firm for Middle East and Asian sovereign investors, as part of a wider drive to invest in real estate globally for its clients.