Invest with Peakside Capital
Peakside Capital´s strength is in developing successful investment strategies, identifying and being able to realise the potential of challenging properties. We invest in every asset class with a clearly defined strategy. Our strategies are always centred around fundamental data and sustainable market development.
In the case of value add/opportunistic strategies, the desired increased value of real estate is based on excellent market entry on purchase and the results of creative and experienced technical and professional asset management. This approach permits us to make rational investments at every stage of the market cycle.
Core strategies require an understanding of many medium-sized towns and urban agglomerations as well as a good network of property owners and real estate developers in these markets. Our home markets have a polycentric structure. Many B/C category cities, in particular university cities, have outstanding fundamental data and offer sustainable and rational investment opportunities. As we have been established in these markets for many years, we have an edge over many of our competitors.
The management of core real estate serves to safeguard assets and attain regular, sustainable dividends. We are familiar with and experienced in the operating processes required for this, and their detailed implementation.
Find out more
Since Peakside Capital was founded, our team has completed successful developments in various investment and risk classes. A selection of our developments can be found here. These can be sorted by various criteria using the filters.
Milky Way Hamburg
Peakside Capital bought this office building in 2016 from Deutsche Telekom in a prime location within Hamburg. It comprises 47,000 sqm of space and is over let with a WALT of three years [and it was purchased for PREF II.
The asset offers substantial potential for further value creation by repositioning it into a modern office and university complex, whilst benefitting from an attractive gross yield in the meantime.
Peakside Capital acquired this mixed use asset out of an insolvency situation. It includes a large office component, retail space, a 3* hotel, a budget hotel and a car park, and was acquired for the Peakside Real Estate Fund II in August 2015.
The 35.000 sqm complex has an occupancy of over 90% and is located within a strong Berlin sub-market. The property occupies a highly visible location in the former East Berlin area of the city next to Landsberger Allee. It is 3 km from Alexanderplatz, one of the largest social squares in the city, on a major access road and located adjacent to a local public transportation hub.
The asset was acquired with strong repositioning potential. Within the two years following acquisition, Peakside refurbished and re-let the hotel, reconfigured the ground floor retail space and fully let the retail and office areas. As a result, the overall building was upgraded, the leases were substantially increased and the WALT was doubled to 10 years.
Bentley Frankfurt am Main
Peakside Capital bought this 7,200 sqm office building in 2013 in an attractive off-market transaction with a US-based real estate fund which chose to withdraw from the German market. The asset is located in a prime location in the banking district of Frankfurt’s CBD.
The property offered asset management opportunities through the repositioning of the building as a Grade A asset.
Following such a programme of activity, Peakside Capital completed the lease-up & refurbishment plan five quarters ahead of schedule, exceeding underwriting at all levels. The asset has since been sold, delivering attractive returns.
MARO Frankfurt am Main
Peakside acquired two vacant office properties from a bank that wanted clean ist balance sheet. The assets are located in the central business and shopping area of Frankfurt, neighbouring Goethestrasse, Frankfurt´s most prestigious shopping street.
The building offered the opportunity to develop a Class A office-and shopping complex witth 13.100 sqm lettable space. Following the successful change of use, retail spaces were presented as an extension of Goethestrasse.
Peakside Capital sold the asset three years after acquisition with 80% occupancy to a institutional Fund and achieved returns, which substantially exceeded the business plan.
Atrium Centrum Poland
Completed in 2001, Atrium Centrum is a 17,600 sqm office building located in Warsaw’s CBD on one of the city’s major thoroughfares. The property is within a 5-minute drive from the main train station and has direct access to numerous bus and tram lines.
In December 2015 Peakside Capital acquired the office building for a separate account in an off market transaction from a real estate fund that was approaching its maturity.
The business plan has been to manage the rollover of anchor tenants, refurbish the lobby and common areas, revitalise the external illumination and lease up the vacant space.
To date, the occupancy level has increased by 16% since acquisition. Eight leases have been signed totalling 8,900 sqm of space (i.e. approximately 50% of GLA), including the lease renewal of the building’s anchor tenant. The lobby and common area refurbishment works are expected to be completed in Q3 2017.
Argo Czech Republic
This is Grade A office property comprising 12,600 sqm of GLA, completed in 2007 and located in Prague, Czech Republic. The asset is located in Prague 6, at Evropska Street which is easily accessible from Prague’s international airport. The Argo office building is adjacent to the Cube office building which is also managed by Peakside Capital.
The property was acquired in February 2017 by a separate investment vehicle managed by Peakside Capital.
The building, characterised by a high quality, flexible office space with large floorplates (over 2,000 sqm) is occupied by a number of reputable and internationally-recognised tenants.
The business plan for the asset focuses on re-gearing expiring leases thereby increasing the WALT, improving occupancy levels and investigating potential synergies with the adjacent office property, the Cube.
Atrium Plaza Poland
Completed in 1999, Atrium Plaza is a 14,700 sqm office building located in Warsaw’s CBD on one of the city’s major thoroughfares. The property is within a 5-minute drive from the main train station and has direct access to numerous bus and tram lines.
In December 2015 Peakside Capital acquired the office building for a separate account client in an off market transaction from a real estate fund that was approaching its maturity.
The business plan has been to create a showroom space to support leasing initiatives, refurbish the lobby and common areas, revitalise external illumination and lease up vacanct space.
Since acquisition, eleven leases totalling 3,400 sqm of space (23% GLA) have been signed. The lobby and common area refurbishment design process will be finalised during Q2 2017 and the works will start during Q3 2017.
Cube Czech Republic
This is an iconic office property built in 1977 and is located in Prague, comprising 21,000 sqm of GLA. The asset is located in Prague 6 district which is approximately400 m from the new Veleslavin metro station and a 10 minute drive from Prague’s international airport.
Peakside Capital acquired the building in 2016 for a separate account. The asset was purchased from a US-based fund, which wanted to sell its last remaining asset in the Czech Republic.
Since acquisition, Peakside Capital has managed to secure a substantial number of leases with new tenants as well as existing ones who have been to expand their presence in the building. Peakside Capital’s business plan going forward includes a further upgrade of the asset and its amenities.
Reload Czech Republic
Peakside Capital bought a portfolio of 72 convenience retail centres (177,000 sqm of GLA) which are located across the Czech Republic.
The portfolio was acquired in 2015 for a separate investment vehicle managed by Peakside Capital. The portfolio was purchased at an attractive entry base price with a detailed business plan for each property, representing various investment strategies including sale, value-add and redevelopment.
As of March 2017, Peakside Capital had successfully disposed of 37 assets and distributed circa 70% of invested equity back to investors. New leases and lease extensions totalling to circa 84,000 sqm of retail space, including extending a lease with Ahold (a major food anchor operating under the Albert supermarkets brand) for 23 assets, have been signed since acquisition.
Poznan Financial Centre Poland
Completed in 2001, Poznan Financial Centre is a 18,300 sqm landmark office building located in the CBD of Poznan, Poland. The property is easily accessible by public transportation and is located adjacent to the most prominent shopping centre in the city and within walking distance of the main train station.
In December 2015, Peakside Capital acquired the office building for a separate account in an off-market transaction from a real estate fund that was approaching its maturity.
The business plan focus has been on refurbishment works for the anchor tenant as well as additional lease-up activities.
Since acquisition, five leases totalling 1,800 sqm of space (10% GLA) have been signed, bringing total occupancy levels to over 90%.
Peakside Real Estate Fond I
Pan-European pool - Fonds for instituional investors with a value add/oportunistic strategy
volume € 261 million equity
status Asset Management / Disposal Phase
Germany, Ireland, Great Britain, Spain, Central Europe
Peakside Real Estate Fond II
Pan-European opportunistic pool - Fond for institutional investors, focussed on Germany and CEE
volume € 95 million equity
status Investment phase
Peakside Real Estate Fond III
On Germany focussed value add/opportunistic pool - fond for insjtitutional investors
volume € 150 million equity
Polonia Property Fond I
Core Plus Fond with investment fokus in Poland and Hungary
volume € 100 million equity
status Asset Management / Disposal phase
strategy Core Plus
Polonia Property Fond II
Core Plus Fond with investment fokus in Poland
volume € 80 million
status Asset Management / Disposal Phase
strategy Core Plus
Third Party Mandates
Management of miscellaneous portfolio of european real estate assets for institutional investors like Family Office
status Asset Management / Disposal Phase
Germany, Central and Eastern Europe