ActivumSG appoints Adam Tutka as director

European real estate investment manager ActivumSG has strengthened its Global Client Solutions and Capital Formation team by appointing Adam Tutka as director. 

Adam Tutka

Tutka brings over 14 years of experience in real estate fund management and private equity, having previously held senior positions at Greystar and Thriving Investments, where he was involved in managing over £5 bn (€5.7 bn) in assets for institutional investors.
Based in London, Tutka will focus on serving ActivumSG's current investors and supporting the development and fundraising for new investment strategies. 
He will report to Eric Lemer, ActivumSG’s head of Global Client Solutions and Capital Formation, to service the manager’s existing investor base and support new product development and fundraising efforts for future strategies. 
Saul Goldstein, founder and CEO, ActivumSG, said: “Adam’s arrival comes at an exciting time, as we look to build on our recent activity in the UK and European accommodation sectors to provide global investors with de-risked access to differentiated, scalable investment opportunities within living and hospitality real estate.”
Eric Lemer, head of Global Client Solutions and Capital Formation, ActivumSG, commented: “ActivumSG’s status as a trusted partner to global institutional and private capital has been hard-earned over the last 18 years, and we selected Adam for his experience in executing on behalf of sophisticated investors and his commitment to best-in-class client service. I am already working closely with him on a number of new endeavours.”
Adam Tutka, director, Global Client Solutions and Capital Formation, ActivumSG, added: “ActivumSG’s entrepreneurial culture and nimble investment approach, with the ability to access opportunities across the capital stack and via direct asset, corporate and special situations investments, made this a highly appealing role. My experience complements the firm’s current thematic focus on the living and hospitality sectors, with now being a particularly exciting time to join as ActivumSG looks to scale its UK and European real estate portfolio.”
Tutka’s appointment follows a busy period for ActivumSG, which has recently launched new platforms and acquired significant assets in the living and hospitality sectors.
ActivumSG took a majority stake in Centralis, a German serviced apartment company, with plans to grow it into a platform exceeding €500 mln GAV. This deal included the company itself, nine existing properties in prime German cities, and a significant pipeline of future acquisitions.
A new platform has been established to target over £500 mln (€575 mln) GAV in PBSA in the UK. The strategy involves renovating and modernizing existing student housing stock, starting with a portfolio of seven assets valued at over £100 mln (€115 mln) GAV, with more acquisitions already in the works.
ActivumSG acquired the five-star Fairmont La Hacienda resort on Spain's Costa del Sol for €175 mln. This addition enhances their existing portfolio of luxury Spanish hotels, which already includes The SLS Barcelona and Nobu Hotel Barcelona.