Activum SG Brings New Partner onto Team

14th January 2011

Jersey, January 13, 2011 — Activum SG, the European real estate fund investor and manager, has enlarged the team with a new partner. Richard Wartenberg reinforces the company focusing on acquisitions and asset management strategies since beginning of the year. At last Richard worked for Apellas Asset Management covering acquisition; asset management and disposition of commercial value add assets.


Starting at Apellas Asset Management in 2006 he was responsible for the acquisition of commercial value add assets and later focused on the asset management, leasing and finally executing the sale and liquidation of these assets.


Prior to this he was Managing Director at Polis and Bouwfonds Asset Management Germany. He was responsible for acquisition, letting and sale of commercial assets. Earlier in his career, he worked for the Behne Group, now called HIH Hamburgische Immobilien Handlung, and also for RSE Projektmanagement AG.


Saul Goldstein, founder of Activum SG explained “Richard is a great addition to our team that focuses on under-valued assets. He brings more than 20 years of experience in the German real estate market and has demonstrated an ability to acquire, manage, and extract value from real estate investments in his career which fits our firm philosophy.”