ActivumSG, one of Europe’s largest independent real estate investment managers, has made a majority acquisition of Centralis, a serviced apartment real estate platform currently focused on the German market.
In addition to the corporate platform, the transaction includes four completed assets in Berlin, Bonn and Lübeck as well as five projects in Hamburg, Dusseldorf, Cologne, Bonn and Nuremberg that are predominantly assets primed for value-added refurbishment plans. In aggregate, the nine assets total 550 keys across 23,000 square meters (248,000 square feet) of net lettable area in desirable urban infill locations.
All the assets are pre-let to modern, tech-enabled hospitality operators on long-term, inflation-indexed leases. ActivumSG and Centralis have a significant number of assets under exclusivity in anticipation of doubling the size of the portfolio by the end of 2025.
Founded in 2020, Centralis specializes in the acquisition, refurbishment and develo
