What we look to acquire.
Value-add and turnaround real estate across DACH and the UK, from single assets to portfolios.
Acquisition criteria.
Value-add, turnaround and opportunistic situations, where hands-on operational work creates the return.
Logistics, light-industrial, residential, office, retail and mixed-use assets with value-add, repositioning or turnaround potential.
Western Europe, with a focus on the DACH region, the UK and Spain.
€3m–€15m for single light-industrial and residential assets. €25m and up, with no ceiling, for special situations and portfolios.
Income-producing, part-let or vacant. We underwrite on the business plan, not just in-place income.
Asset deals, share deals, loan portfolios and recapitalisations, including off-market and complex multi-party situations.
Situations we like.
Assets in operational, financial or physical distress where a clear turnaround plan can recover value.
Discreet, off-market opportunities and deals that need a fast, certain and credit-worthy counterparty.
Loan restructurings, recapitalisations and lender-led processes that need an experienced operating partner.
Part-let or capex-hungry assets where active leasing and disciplined investment lift income and value.