Fund II Makes First Investment in Leipzig
22,000 sm office building in Leipzig is 9th investment in Fund II
January 2014, Jersey – Activum SG Capital Management Ltd., the German focused real estate fund manager, has newly acquired a 22,000 square meter office building called “Atrium” from RBS. It is the ninth investment made by Fund II.
Atrium is located in an established office area called “Graphisches Viertel” near Leipzig city center and the central railway station and houses other Class A tenants and reputable companies.
As Managing Partner of ActivumSG Capital Management Ltd, Saul Goldstein notes that: “This is a high quality asset located in a good submarket where active management can create and improve value. The Leipzig market shows strong fundamentals with limited supply and a downward trend in vacancy with the Graphisches Viertel submarket emerging as the strongest performer.”
Activum SG Capital Management Ltd. was advised by Berlin based Activum SG Advisory GmbH and Noerr LLP.