ActivumSG (ASG) has acquired a development site in an up-and-coming commuter town near Madrid as the maiden investment for its sixth and latest fund.
The project is part of a secured pipeline of special investment opportunities in select European real estate markets projected to commit €120 million ($132 million) of the fund’s equity and to close by the year-end.
“We’re putting our investors’ capital to work rapidly with a strong pipeline of investments,” said Saul Goldstein, founder and managing partner of ActivumSG. “This is the advantage of having experienced teams on the ground to source opportunities — often that are complex or have been overlooked by others — and then to manage the assets so they generate attractive returns.”
Fund VI will build 290 loft-style rental apartments on the site in San Sebastian de los Reyes, a commuter town 20 kilometers (12.4 miles) north of the Spanish capital. The total cost of the project, including the p
