ActivumSG to open Spanish office
Real estate fund manager ActivumSG Capital Management is to open an office in Madrid.
ActivumSG Iberia Advisors S.L. is led by Cerberus veteran Brian Betel with Carlos Molero Sanchez de la Blanca, former head of the PwC and KPMG Real Estate Transactions and Alejandro Adan Manes, previously with AXA Real Estate Ibérica.
ActivumSG Fund III LP has already made two investments in Spain – one 2,400 sqm retail redevelopment in the Fuencarral district of Madrid and one 6,185 sqm office in the centre of Madrid.