REVITALIS Real Estate AG and Vivum GmbH are partnering to develop the Westside Towers project in Frankfurt, comprising a 19-story residential building with approximately 230 units and 900 square meters of commercial space, underpinned by an investment of EUR 65 million.

Information on the Target

REVITALIS Real Estate GmbH specializes in the development and revitalization of large-scale, high-quality real estate projects across Germany. The company collaborates closely with institutional investors, including pension funds, insurance companies, and family offices, to execute sophisticated real estate initiatives with a long-term perspective. Their services encompass project conception, land acquisition, revitalization of existing properties, legal approvals, and ultimately, leasing or selling the completed project.

The Transaction

As part of this initiative, Revitalis Real Estate AG, functioning as the project developer, and Vivum GmbH, serving as the capital partner, plan to construct a 19-story residential building in Frankfurt by 2015. This project is expected to comprise approximately 230 residential units along with around 900 square meters of commercial space, with a total project volume of approximately EUR 65 million. ARGONAS played a pivotal role in assisting Revitalis Real Estate AG by identifying a suitable capital partner and facilitating the financing agreements.

Industry Overview in Germany

The real estate industry in Germany is one of the most robust and attractive sectors in Europe, marked by a strong demand for both residential and commercial properties. As of 2023, German cities, particularly Frankfurt, are experiencing a significant i