The Silverton Group (Silverton), specialist in the investment and asset management of commercial property and loans secured on real estate, achieved a transaction volume of over EUR 180 million in the 2020 financial year and is aiming to increase its assets under management by EUR 200 million in 2021.
Property sales accounted for more than EUR 100 million of the firm’s transactions in 2020. These mainly involved properties with office and retail uses in the North Rhine-Westphalia, Bavaria and Eastern Germany regions, which had been stabilised and optimised by the internal asset management team during the holding period.
The largest single acquisition involved the purchase of an office property in the Ruhr region, with a lettable area of 23,500 sqm, by Silverton’s North Rhine-Westphalia branch. In addition, the company’s asset management team succeeded in letting more than 20,000 sqm of office and retail space. Silverton also gained new capital partners from the Family Office sector for investments in value-add and core-plus projects.
Stefan Dölker, managing director and co-founder of Silverton, outlines the plans for 2021: “This year, we are increasingly focussing on the acquisition and management of commercial properties, concentrating on offices and mixed-use properties with development potential in inner-city areas throughout the country. We are particularly interested in acquiring portfolios. Value-add and core-plus properties remain in our sights as primary risk classes. We consider that we are very well positioned for 2021, following our success in recruiting Michael Gail as Head of Acquisition and Sales last year and our strong existing acquisition team in the various locations. Our objective is to increase the office assets under management by EUR 200 million this year.”
