Baar-Zug, 20 December 2012
Partners Group, the global private markets investment manager, has seen continued demand from clients for its private real estate programs, closing both Direct Real Estate 2011 as well as Asia-Pacific Real Estate 2011 in Q4 2012. Combined, the programs totaled over USD 500 million.
Global opportunities are seen in quality non-core properties where the firm believes it can capitalize on the value divide in pricing. Partners Group is convinced value-added and selectively opportunistic investments continue to represent very attractive risk-adjusted returns, especially in capital structures where investments can be completed in junior debt financing or preferred equity with equity participation features across industrial and commercial real estate assets.
In Asia-Pacific in particular, intraregional growth has led to increased tourism and increased arrivals across Asia-Pacific's gateway cities. Both hotel and retail markets have been among the largest beneficiaries of this trend and Partners Group has completed two direct investments in these sectors in Hong Kong, offering clients attractive return potential.
Pamela Alsterlind, Partner and Co-Head Private Real Estate, comments "We are very pleased with the trust placed in us by our clients and believe that, in particular, quality non-core properties in cities with strong demographic fundamentals offer compelling risk-adjusted returns. Our investment focus continues to center on properties where we believe we can increase value and mitigate risk through active asset management initiatives."