ActivumSG acquires Frankfurt property

ActivumSG Capital Management, the Jersey based property fund manager, has acquired the ‘Saonehaus’ office complex in the Lyoner Quarter in Frankfurt-Niederrad.

The deal comes with an option to convert the property to mixed use, reflecting increasing demand for residential property space in the surrounding area.

Richard Wartenberg, director of Acquisitions and Sales at ActivumSG Advisory GmbH said: “The Lyoner Quarter is rapidly changing from an office only area into a mixed-use urban quarter.  This is an ideal opportunity to convert under-utilized office space into functional, desirable residential living space where demand is increasing.”

Saul Goldstein, founder of ActivumSG, added: “This property is an ideal fit with Activum’s value-add and redevelopment asset-management strategy. While this space is useable as an office, it offers the perfect chance for a residential redevelopment where we have considerable expertise.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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