ActivumSG Opens Madrid Office
ActivumSG Fund III already executes two investments in Spain through advisor ActivumSG Iberia Advisors S.L.
Jersey, March 9th, 2015. Activum SG Capital Management Ltd., the European real estate fund manager, is expanding its footprint by opening an office in Madrid that will focus on value-add investment opportunities in Spain.
ActivumSG Iberia Advisors S.L. is led by Cerberus veteran Brian Betel with Carlos Molero y Sanchez de la Blanca, former head of the PwC and KPMG Real Estate Transactions (single assets) Spain, and Alejandro Adan Manes, previously with AXA Real Estate in London, leading acquisitions and asset management (more about the ActivumSG team: http://www.activumsg.com/team).
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 value-add office repositioning in prime CBD Madrid (more about ActivumSG´s portfolio: http://www.activumsg.com/portfolio).
Saul Goldstein, founder of ActivumSG comments, “Spain’s improving economic outlook coupled with a surge in non-performing assets coming to market provides ideal conditions for entering the market. We are employing the same approach to investing in Spain as we have done in Germany. It is an integrated, but fully focused on the ground team.”
Brian Betel adds: “I am excited to join ActivumSG as a partner and lead our team of experienced professionals in Madrid. The timing is perfect to invest in real estate in Spain. We will continue to seek out undervalued assets where active asset management will reposition and stabilize these assets as the market recovers.”
ActivumSG Capital Management Ltd. is a Jersey-based real estate fund manager – regulated by the Jersey Financial Services Commission – that repositions real estate related investments, primarily in Germany. Founded in 2007 by Saul Goldstein, it currently manages three discretionary real estate funds and is advised by Berlin based Activum SG Advisory GmbH and ActivumSG Iberia Advisors S.L. For more information, visit the website at www.activumsg.com or follow Activum on Twitter @activumsg.
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