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| Hochtief sells residential developer formart to ActivumSG Hochtief, the German building group controlled by Spain's ACS, has sold residential developer formart to ActivumSG. formart develops, builds and markets mostly residential projects in Germany and Luxembourg. The company is one of the biggest German residential developers. The selling price is similar to the book value. ActivumSG Capital Management Ltd. is a Jersey-based fund manager - regulated by the Jersey Financial Services Commission - that repositions real estate related investments, primarily in Germany. It manages a series of discretionary real estate funds and is advised by Berlin-based ActivumSG Advisory GmbH. formart shall also operate as an independent company in the market in future. write your comments about the article :: © 2014 Construction News :: home page |