Close

VIVAO launches operational business activities and takes on another asset management mandate


VIVAO launches opera­tio­nal business acti­vi­ties and takes on another asset manage­ment mandate

Munich, 18 January 2024. VIVAO Invest­ment and Asset­ma­nage­ment GmbH has successfully commen­ced its opera­tio­nal business acti­vi­ties on 1 January 2024. VIVAO is the outcome of a merger of the asset manage­ment acti­vi­ties of QUEST Invest­ment Partners and Competo Capital Partners. At the begin­ning of the year, VIVAO took over the existing asset manage­ment mandates of Competo and QUEST as a prelude to the co-opera­tive work. This stra­te­gic inte­gra­tion enables VIVAO to effi­ci­ently utilise joint strengths and seam­lessly continue its services for clients.

VIVAO is conti­nuing its successful port­fo­lio expan­sion right at the start of the entre­pre­neu­rial co- opera­tion and is taking on another asset manage­ment mandate – the Markt­Quar­tier in Reck­ling­hau­sen. The Markt­Quar­tier in Reck­ling­hau­sen, a former Karstadt depart­ment store, is centrally located on Recklinghausen’s market square. Karstadt was forced to close its doors in May 2016, and was compre­hen­si­vely revi­ta­li­sed two years later by the Competo investor group from Munich, in alliance with the Düssel­dorf-based AIP Group, and conver­ted into the Markt­Quar­tier Reck­ling­hau­sen between 2019 and 2023. The historic building with its impres­sive façade from the Grün­der­zeit era now presents itself as a modern, mixed-use, urban quarter with around 22,300 square metres of rental space, occupied by tenants with strong credit ratings from the local supply, retail, gastro­nomy, health­care, hotel, senior living, daycare and office sectors – with long-term leases and an average lease term (WALT) of over 15 years.

Thomas Pscherer, Managing Director at VIVAO, adds: „The repo­si­tio­ning of the Markt­Quar­tier in Reck­ling­hau­sen is an outstan­ding example of the sustainable conver­sion of a former depart­ment store in a central location. This will undoub­tedly enrich and revi­ta­lise the city­scape of Reck­ling­hau­sen.“

About VIVAO
VIVAO Invest­ment und Asset­ma­nage­ment GmbH is a specia­li­sed real estate asset and invest­ment manager with head­quar­ters in Munich and further offices in Hamburg, Berlin and Frank­furt am Main. The company manages existing proper­ties for insti­tu­tio­nal inves­tors such as foun­da­ti­ons, pension funds, insu­rance compa­nies and family offices with the aim of long-term moder­ni­sa­tion of buil­dings and opti­mi­sing their attrac­ti­ve­ness and value with the help of active manage­ment. The port­fo­lio, which focuses on office and resi­den­tial proper­ties, is worth around 3 billion euros. The share­hol­ders of VIVAO are the owner-managed property compa­nies Competo Capital Partners and QUEST Invest­ment Partners.

Markt­Quar­tier in Reck­ling­hau­sen
Copy­right: Marcel Kusch

Download press image
Download press release as PDF

Pres­s contact

VIVAO Invest­ment &
Asset­ma­nage­ment GmbH
Karl­straße 12, 80333 Munich
Email: presse@vivao.de
Phone: +49 (0)89 5 43 28 66-10

150 150 freiland-wp-vivao
Close

Construction Management

We offer a comprehensive service portfolio for the development, and repositioning of real estate, from conception and planning to construction and marketing.

Our goal is to use all our exper­tise to increase the ecolo­gi­cal, economic, and social value of real estate proper­ties. In doing so, we actively contri­bute to foste­ring sustainable urban deve­lo­p­ment. For us, the focus is on creating contem­po­rary working envi­ron­ments and future-oriented utiliza­tion concepts.

Object: RAW
Location: Frank­furt
Main use: Office

Cons­truc­tion year: 1993/2025
Planned comple­tion: 2025
Area: 51.000 m²

LEARN MORE

Close
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
}
]
|
{
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.