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