Activum SG grabs retail site MediaMarkt in Cologne-Marsdorf
Activum SG, a European real estate investor and manager, acquired a 5,500 m2 retail site leased to MediaMarkt in Cologne from Orco Grundstücks- und Beteiligungsgesellschaft mbH (‘ORCO’). The parties agreed not to disclose the transaction volume. It is the fourth acquisition by Activum SG Fund I.
The building is located at the well-known area of Cologne-Marsdorf at Max-Planck-Strasse, one of the top destination retail areas of Cologne.
Saul Goldstein, Managing Partner of Activum SG Capital Management Ltd., explains: “This is a well-located, popular retail location and we are excited to work with MediaMarkt to help them reach their goals for this critical location. At the same time, this transaction helps ORCO to achieve their objectives of focusing on their core businesses. For Activum, this transaction is another step in building a high quality portfolio.”
Commenting on the German real estate market, Goldstein continues: “Our acquisition and asset management strategies are quite successful right now. Our focus is to acquire buildings requiring active asset management to create properties with strong cashflow. Our view is that Germany is the only investment market in Europe offering solid risk-adjusted returns for value-added investments right now.”
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