Silverton Sells Two Properties in North Rhine-Westphalia

Silverton Asset Solutions GmbH, part of the Silverton Group, has completed the sale of two properties in North Rhine-Westphalia from a larger portfolio under its management. The sale prices were not disclosed.

The first asset, located at Hindenburgstrasse 304–306 in Mönchengladbach, was acquired by a southern German family office. Built in 1992 and modernised in 2007, the mixed-use property comprises approximately 3,750 square metres of rental space, including offices, medical practices, residential units, a dance studio, and retail premises. Through active asset management, Silverton leased around 1,780 square metres to new tenants and extended contracts covering another 570 square metres. This resulted in a weighted average lease term (WALT) exceeding ten years and an occupancy rate above 65 percent at the time of sale. Additional value potential remains in the leasing of vacant units.

The second property is an office building at Formerstrasse 49–51 in Ratingen, which was sold to an international investor. The 4,600 square metre building, completed in 1990, is currently vacant. The site spans roughly 3,800 square metres. A preliminary building permit for conversion to hotel use has recently been secured.

“These transactions show that even in a difficult market environment, creative and proactive asset management, combined with targeted strategies, can lead to successful outcomes,” said Sebastian Steinert, Managing Director of Silverton and Head of the North Rhine-Westphalia office.

Legal advisory for the transactions was provided by Osborne Clarke. The two properties were part of a nearly 40-asset portfolio managed by Silverton following a restructuring. Most of the portfolio has now been successfully sold.