The building offers substantial upside potential. The value creation initiative will include refurbishments and re-letting at market rents as well as targeted capex initiatives to upgrade facilities with a strong focus on ESG enhancements.
“This acquisition is another prime example of how Club Estate creates value for family offices and other professional investors. In today’s challenging investment environment, off-market asset access to deals, entry at an attractive acquisition price and collaboration with best-in-class local operating partners are key to achieving superior risk-adjusted returns for our investors. Our unique Club Estate approach enables our clients to either gain direct exposure to single assets through co-investments that fit within their overall real estate allocation, or to invest via our diversified Club Estate Prime Selection (Lux) Fund. In addition, the Club Estate Real Estate Fund platform offers asset owners the option to capitalize on their current assets through contribution in kind and subsequent syndication.”
– Dr. Marcus Sasse, Founder and Managing Partner of Club Estate
We would like to thank our local partners Quantus Real Estate, Emch + Berger, NKF, Raiffeisen and RSM for their support on this transaction.