Activum SG Capital Management has closed a new fund targeting distressed real estate assets in Germany at €238 million, Property Magazine International reports. The Activum SG Fund II was more than two times oversubscribed.
The product will contribute €10 million to €75 million to office, retail, residential and logistics assets in Berlin, Munich, Frankfurt, Cologne, Hamburg, Hanover and Düsseldorf, adds Property Investor Europe. Atlantic-Pacific Capital has been appointed as sole global placement agent and Proskauer Rose as legal counsel.
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