PORTFOLIO: FUND II
38,500 sm mixed use asset bought from insolvency
ASG acquired this mixed use asset in April 2014 from a closed end fund that went insolvent after over leveraging the asset. The building benefits from a prominent location in Augsburg at the main train station. Good visibility, optimal access to public transport, and a high potential for pedestrian traffic means that the asset will benefit from repositioning.
ASG’s asset management team will work with a local developer to modernize and reposition the asset for optimal use.