Over the four-year life of the investment, our corporate transactions team worked closely with Instone Real Estate Development Management to maximize enterprise value, growing the pipeline more than three-fold to €3.4 billion. These efforts culminated in Instone’s successful initial public offering (IPO) on the Frankfurt Stock Exchange in February 2018, delivering outsized returns for our investors.

The IPO was a groundbreaking achievement, being the largest listing of a German residential developer at the time. We believe it validated ActivumSG’s corporate platform strategy and underscored the effectiveness of its approach to amplifying residential development activity through engaging in strategic acquisitions and operational improvements.