Peakside has record transaction volume and wants to spend €500mn

27/02/2019

Peakside Capital Advisors had property transactions for about €705mn in 2018, the highest transaction volume in the company’s history. This year, the investment manager specializing in value-add property intends to invest €500mn in Germany alone for its current Real Estate Fund III. Last year, Peakside sold 33 assets for €475mn and acquired seven properties for €230mn. The largest single deal was the sale of Frankfurt Airport Center I for €168mn. New and extended leases were signed for 77,600 sqm, among them a previously unpublicized lease for 1,800 sqm to Bremer Kreditbank on Theodor-Heuss-Allee 108 in Frankfurt, as well as about 6,000 sqm to operational services and about 3,000 sqm to Star Alliance, both in Frankfurt Airport Center.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.