Silverton broadened investment focus and heightened presence in Germany in 2019
Frankfurt, 06. Februar 2020 – The Silverton Group (Silverton), hitherto a specialist in the investment and asset management of commercial property and loans secured on real estate, significantly expanded its range of services in the last financial year, further increasing its presence in Germany and progressing its internationalisation. Silverton currently manages assets worth around EUR 1 bn, including some EUR 450 million in real estate.
By founding its subsidiary Silverton Investment Management GmbH, based in Frankfurt, the group has repositioned itself as an integrated investment and asset management platform and broadened its focus, formerly Opportunistic & Value Add, to include Core+ and Manage-to-Core. As well as assets with value growth potential, Silverton is now also pursuing income-oriented investment opportunities. In addition to investments in Germany, one of the current focal points is the pursuit of investment strategies in Greece. Felix Frankl MRICS, formerly DIC Asset AG, was appointed as Managing Director. The holder of a Diplom-Kaufmann (FH) qualification, Frankl is a Certified Real Estate Analyst. He has more than thirteen years' experience in the real estate industry.
Silverton has also opened a new branch office in North Rhine-Westphalia, under the management of Sebastian Steinert MRICS. Based in Essen, he and his team of three specialists in investment and asset management, identify investment opportunities in NRW's top cities. They are paying particular attention to the relevant cities in the Ruhr region, including Essen, Dortmund, Duisburg and Bochum. Establishing a presence in local markets underlines Silverton's approach of investing in the so-called 'secondary' cities and the affluent suburbs of the top 7 cities, while ensuring proximity to the properties with on-site local teams.
The expanded range of services is reflected in the company's increased staff numbers. From 22 at the end of 2018, the Silverton team has now grown to 26 members.
For Silverton, 2019 was once again marked by a high level of activity on the acquisition side. Properties with a total value of approximately EUR 750 million were investigated for acquisition, 25% of them in off-market deals. In collaboration with Tristan Capital, Silverton acquired a portfolio of office properties in Munich, Frankfurt, Dusseldorf, Hildesheim and Meerbusch, with a total volume of EUR 63 million and total lettable area of 36,000 square metres.
The level of vacancy in the existing portfolios was further reduced. Following stabilisation, a portfolio comprising 13 retail properties was returned to the market.
Stefan Dölker, managing director and co-founder of Silverton, describes the plans for 2020: "In the coming months, we will open up new investor groups and develop bespoke structures and management approaches. We also plan to continue to push ahead with the further internationalisation of Silverton.