Germany: Real estate investment manager ActivumSG has acquired a majority stake in Centralis, a German serviced apartment investment and development company, as it moves to scale the business into a €500 million (£434 million) platform.
The transaction has included the corporate platform alongside nine assets: four completed in Berlin, Bonn, and Lübeck, while five projects in Hamburg, Dusseldorf, Cologne, Bonn, and Nuremberg are set to be renovated. The properties represent a total of 550 keys and are pre-let to tech-enabled hospitality operators on long-term, inflation-indexed leases.
Founded in 2020, Centralis has specialised in the acquisition, refurbishment and development of serviced apartments in Germany’s main cities and select secondary markets. ActivumSG and Centralis plan to double the platform’s size by the end of 2025.
Saul Goldstein, founder and CEO of ActivumSG said: “This transaction has shown our conviction in the European accommodation sector, with serviced apartments sitting at the intersection of hospitality and living real estate. These are high-growth sectors where we have significant expertise and will remain a strategic focus for our clients.”
Johannes Vielberth, director of corporate transactions at ActivumSG said: “In Centralis, we have acquired a platform with a strong team, a high-quality seed portfolio, and an exclusive pipeline. We look forward to building on this foundation and using our early mover advantage to scale an industry-leading platform in Germany and beyond.”
Fabian Vieregge and Lukas von Lüdinghausen, co-founders of Centralis, will remain as co-CEOs. They said: “Partnering with ActivumSG will enable us to accelerate growth and build a scaled, institutional-quality portfolio in a market that remains fragmented but continues to grow.”
ActivumSG has been active in the European hospitality sector since 2012 and has developed, owned and managed over €1 billion (£867 million) of hospitality assets across Europe, including projects such as SLS Barcelona, Nobu Hotel Barcelona, and Palacio Solecio in Málaga.
Highlights:
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ActivumSG has acquired a majority stake in German serviced apartment investment and development company Centralis.
- The investment manager aims to scale the company into a €500 million (£434 million) platform.
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The deal includes nine assets across Berlin, Bonn, Lübeck, Hamburg, Dusseldorf, Cologne, and Nuremberg, with refurbishment plans in place at five of the properties.
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All assets are pre-let on long-term, inflation-linked leases to tech-enabled hospitality operators.
