Silverton to acquire more office properties with ‘New work’ and ESG potential in 2022
Frankfurt, 09. Februar 2022 – The Silverton Group (Silverton), specialist in the investment and asset management of commercial property and loans secured on real estate, recorded a transaction volume of over EUR 220 million in the 2021 financial year, representing a a year-on-year increase of EUR 40 million - around 23%.
Property sales accounted for more than EUR 130 million of the total. Those disposed were mainly properties with office and retail uses in the North Rhine-Westphalia, Bavaria and Eastern Germany regions that had been stabilised and optimised by the internal asset management team during the holding period.
The largest single acquisition was the purchase of an office property in one of the top cities in North Rhine-Westphalia, with a lettable area of 15,000 square metres, by Silverton's North Rhine-Westphalia branch. The company’s asset management team also succeeded in letting over 18,000 square metres of office and retail accommodation. In addition, Silverton has attracted new institutional and private equity capital partners for investments in value-add and core-plus projects.
Stefan Dölker, managing director and co-founder of Silverton, comments on the plans for 2022: “Even in ‘B’ locations, there have been considerable changes in tenants’ expectations of the quality of buildings. Attractive common areas and a minimum ESG standard are now prerequisites. This year, therefore, the emphasis is increasingly on the acquisition of commercial properties, with a focus on office use, that offer opportunities for optimisation by active management. We are particularly interested in purchasing portfolios. Value-add and core-plus properties are still in our sights as primary risk classes.”