Baar-Zug, 26 May 2011
Partners Group, the global private markets investment manager, has sourced and acquired four junior notes secured on a portfolio of 36 office, retail and industrial properties located throughout Germany on behalf of its clients. 64% of the portfolio is represented by office properties, 28% by retail with the balance represented by industrial assets. The portfolio is well occupied and offers diversification in terms of geography as well as tenant base. The largest property in the portfolio is a high quality office property in Nuremberg, leased to a leading international technology company.
Eliza Bailey, Senior Vice President and Head Private Real Estate Debt, comments: "We are pleased to have completed this secondary junior note purchase for our clients. The investment generates an attractive cash yield and is consistent with our strategy of fully analyzing the underlying real estate even in situations hindered by complicated legal structures."