ActivumSG has made its debut in the UK hospitality real estate market by acquiring an asset in Greater London.
The pan-European real estate private equity investment manager’s ActivumSG Fund VII fund has acquired the Sutton Point hotel-led mixed-use asset from an unnamed Irish family office for £21 million (€25.2 million).
Following completion of the acquisition, the non-hospitality components of the scheme, comprising residential units, retail space and freehold land, were sold in separate transactions with the ActivumSG fund retaining the two core hospitality assets – a 99-key Ibis hotel and a 59-key Adagio aparthotel.
Source: realassets.ipe.com on the 6th of November, 2024
https://realassets.ipe.com/news/activumsg-debuts-in-uk-hospitality-real-estate/10076673.article