Europi and Silverton found joint venture to invest EUR 200 million in Grade-A German office properties

Europi Property Group (Europi), a pan-European real estate investment company with Swedish roots, has established a joint venture with The Silverton Group (Silverton), specialist in the investment and asset management of commercial property, real estate financing and lending secured on property. The companies’ joint aim is to build up a portfolio of modern, Grade-A office assets, with a gross asset value (GAV) of at least EUR 200 million, in the next 12 months.

The JV will focus on modern, Grade-A offices that benefit from accretive asset management and satisfy future occupier requirements including best in class ESG standards. Investments will target properties in and around the top seven German cities, together with select, growing “B-cities” across the country. The lot size of the properties to be acquired is envisaged to be between 20 and 80 million Euros.

Jonathan Willén, CEO of Europi, comments: “We are pleased to enter Germany through our joint venture with Silverton, a partner with an established track record and best in class asset management capabilities. Germany is one of the largest and most liquid real estate markets in Europe with meaningful economic growth across its larger cities. By focusing on modern occupier requirements, ESG improvements and outstanding asset locations, we’re building on similar strategies in the UK and Spain where we’re seeing very good asset performance across our portfolio.”

Stefan Dölker, partner at Silverton, adds: “We’re excited to partner with Europi and will provide them with comprehensive support in the acquisition of German office properties. The joint venture gives us the opportunity to realise interesting investment opportunities with speed and certainty of execution. With our expertise and regional teams, we will ensure that the acquisition pipeline for our joint portfolio fills up quickly in the coming weeks and months.”

The acquisition of a first property has already been signed. The fully let office property is located in one of the top cities in North Rhine-Westphalia. The volume of the transaction is in the mid-double-digit million euro range.