Post by ActivumSG

ActivumSG's approach to living platforms has always been about identifying strong operators early and helping them scale into something more institutional.   Centralis Immobilien is a clear example of that thesis in action. In a recent ahgz - Allgemeine Hotel- und Gastronomie-Zeitung interview, founder and CEO Dr. Fabian Vieregge set out the case for serviced apartments as the vanguard of a broader transformation in inner-city hospitality, built on lean operating models, digital-first guest journeys and a tenant base extending well beyond the traditional business traveller.   The operating economics reinforce the strategy. Leading operators are reportedly delivering GOP margins in the region of 60 per cent, translating into strong rent coverage for owners. Centralis expects to reach a portfolio of around €400 million GDV by year end, with recent milestones including new developments in Nuremberg and Hamburg.   For ActivumSG, this is a familiar pattern: identify the right operating platform in a fragmented, undercapitalised market, build scale and institutional credibility, and seek to exit at an appropriate time in the value creation journey. Our recent sale of Dutch residential developer VanWonen followed exactly that trajectory. Full article (in German) linked in the comments below.