In addition to the corporate platform, the transaction included nine seed assets: four completed assets in Berlin, Bonn, and Lübeck, along with five value-add projects in Hamburg, Düsseldorf, Cologne, Bonn, and Nuremberg—predominantly assets primed for refurbishment.

We acquired Centralis to institutionalize the growth of professionally managed, tech-enabled serviced apartment accommodation, which benefits from a lean operating model and offers the potential for stronger operating margins than traditional hotels.

This investment reflects our strong conviction for the European accommodation sector, where serviced apartments occupy a compelling position at the intersection of hospitality and residential real estate – two high-growth asset classes central to our strategy. With ongoing market dislocation continuing to create attractive entry points, particularly in near-complete developments facing liquidity constraints, we identified a clear opportunity for long-term value creation.

ActivumSG’s investment provides the capital to support sustainable growth, with the goal of scaling Centralis into a €500 million+ GAV platform over the medium term, while thoughtfully expanding across Europe.