The LJ Group (https://l-jgroup.com/)
The partnership also announced its first major property acquisition on Frankfurter Tor (https://www.lj-
The new student housing venture is led by Alexander Bürk, founder of the Cresco Capital Group and Daniel Schuldig, a former senior Private Equity Executive with extensive real estate investment experience. Cresco Capital Group has acquired and developed properties valued at over €500m since its foundation in 2006, including Soho House Berlin.
LJ Group provides private office, investment advisory, alternative investment, trust and fiduciary services to individuals, family offices and foundations from offices around the world. The Group’s alternative investment business (https://www.lj-
Alexander Bürk said: “The acquisition of the Frankfurter Tor property exemplifies our focus on large redevelopment projects in prime locations. We secured planning for the property in a short space of time by working closely with the local planning authorities, providing a strong concept which will revitalise the property by integrating it into the local community.”
Daniel Schuldig said: “We are building a best-in-class student housing platform delivering attractive dividend yields and strong downside protection for our investors. We have an attractive deal pipeline in place and aim for market leadership.”
Andrew Williams, CEO of LJ Group said: "The team behind Cresco Urban Yurt has an excellent track record in the German real estate development market and we are very excited to work with them and encouraged by the very evident opportunities presented by the student housing market in Germany.”
Further acquisitions are to be announced in Q3 2014. Cresco Urban Yurt also plans to develop other urban residential concepts. For details on the LJ Group, please visitwww.l-jgroup.com, email email@example.com