Wealthcap Sells Office Property to City of Darmstadt

Deal News | Jan 21, 2025 | Wealthcap Equity GmbH

Wealthcap Equity GmbH, a real-asset and investment management firm, successfully completed the sale of a 2,900 square meter office property at the beginning of the year to the City of Darmstadt. This strategic divestment involved a single tenant, the city's internal services and parts of the mayor's department, who have occupied the property since 2017. The transaction underscores Wealthcap's ongoing commitment to managing its portfolio proactively and engaging in planned divestitures to optimize its asset base.

Sectors

  • Real Estate
  • Investment Management
  • Public Administration

Geography

  • Germany – The transaction involves entities located in Germany, specifically the City of Darmstadt and Wealthcap Equity GmbH.
  • Darmstadt – The transaction specifically concerns a property located in Darmstadt, Germany.

Industry

  • Real Estate – This industry involves the transaction of properties, as Wealthcap is dealing with a real estate asset sale to the City of Darmstadt.
  • Investment Management – Wealthcap is an investment manager engaged in strategic transactions to manage its portfolio of assets.
  • Public Administration – The City of Darmstadt's involvement as a buyer indicates participation from the public administration sector.

Financials

  • N/A – No financial details such as deal price or valuation are provided in the article.

Participants

NameRoleTypeDescription
Wealthcap Equity GmbHSellerCompanyA real-asset and investment management firm selling a property.
City of DarmstadtBuyerGovernmentThe municipal government purchasing the property.
Office of Internal ServicesTenantGovernmentThe city department already occupying the property that has been sold.