PORTFOLIO: FUND V
Asset management turnaround in up-and-coming Halle
Ritterhaus is a mixed-use building on the best retail pitch in the center of Halle, an up-and-coming city in Eastern Germany. The under-utilized building boasts good ceiling heights and street frontage while providing the area’s principal underground parking. ASG’s business plan centers on an extensive asset management and leasing program to maximize the potential of a property occupying a prime location in a city with excellent fundamentals.
Project Ritterhaus offers Fund V a first-mover advantage, since core high street assets outside Germany’s Big Six cities are becoming increasingly attractive to institutional buyers.