Silverton sells two office buildings in Germany

Silverton Group's asset management arm, Silverton Asset Solutions, has sold two properties in North Rhine-Westphalia, Germany, for an undisclosed price.

Ratingen building - Silverton

A family office from southern Germany purchased a mixed-use building in Mönchengladbach, comprising around 3,750 m² of rental space. Built in 1992 and modernized in 2007, the building includes offices, medical practices, residences, a dance studio, and retail. Silverton's active management resulted in new leases for 1,780 m², renewals for 570 m², a WALT of over ten years at the time of sale, and an occupancy rate exceeding 65%, with further upside potential from leasing remaining units.
An international investor purchased a vacant office building in Ratingen, totaling around 4,600 m² of leasable space on a 3,800 m² plot. Built in 1990, the property has recently received a preliminary building permit for hotel use, enhancing its potential value.
Sebastian Steinert, managing director of Silverton and head of the North Rhine-Westphalia office, said: “These deals demonstrate that successful sales strategies can be implemented even in challenging times through creative and active asset management and targeted market access. Successful solutions can be developed even under difficult conditions with innovative approaches and in-depth knowledge of the market.”
The Ratingen and Mönchengladbach properties were part of a nearly 40-property portfolio stemming from a restructuring. Silverton has successfully managed and sold most of this portfolio in recent years.
Osborne Clarke Rechtsanwälte Steuerberater Partnerschaft mbB acted as legal advisor to the sellers on both transactions.