Canada-based real estate investment firm Ivanhoé Cambridge has acquired a strategic equity stake in Golden Capital, the German real estate vehicle, managed by Lianeo Real Estate, focused on manage-to-core office investments.
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 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,” said Karim Habra, Head of Europe and Asia-Pacific.