Ivanhoé Cambridge announces the acquisition of a strategic equity stake in Golden Capital, the German real estate vehicle focused on manage-to-core office investments. The vehicle is managed by Lianeo Real Estate an experienced asset manager with an excellent track record across Germany. Lianeo Real Estate is owned and led by Amir Dayan.
Golden Capital owns and manages one of the largest and most diversified private real estate platforms in Germany. Its portfolio consists of 39 properties, the vast majority office buildings, located in the seven largest cities of Germany. The properties offer more than 500,000 square metres of leasable space with a total asset value of 1 billion euros.
This investment by Ivanhoé Cambridge will contribute to improving the quality of the portfolio through asset repositioning and new acquisitions in the largest German cities. Golden Capital’s strategy consists of investing in assets with high value creation potential, most of which in the office sector.
Karim Habra, Head of Europe and Asia-Pacific, Ivanhoé Cambridge, commented: “This investment marks the return of Ivanhoé Cambridge in Germany, a strategic market for us. We were convinced by the quality and the value-creation potential of Golden Capital’s underlying assets as well as Lianeo’s asset management expertise. We look forward to growing this platform and generating superior long-term performance.”