Partners Group invests in a prime retail property in Copenhagen
Press release
Baar-Zug, 15 August 2011
Partners Group, the global private markets investment manager, has completed an investment in a landmark property, home of the well-known department store "Illum" in central Copenhagen, on behalf of its clients. The acquisition of this property was completed together with MGPA and a Canadian institutional investor.
The property consists of two adjacent buildings for a total of 40,300 sqm of gross lettable area (GLA) and is located in Copenhagen's prime retail district, benefiting from prominent road frontage on four sides. The most visible corner of the site is at the junction of the two most prominent pedestrian retail streets in the city. The majority of the space is leased to historic department store operator Illum on a 15 year basis while it is also intended to create high street retail units, including flagship stores for international retailers.
Claude Angéloz, Partner and Co-Head Private Real Estate, comments, "We are very pleased with our investment into this high profile property. It is consistent with our strategy of focusing on high-quality real estate in excellent locations and strong economies that provides significant upside potential through active asset management. The retail investment we completed in the Copenhagen market last year has ensured we are already very familiar with the local market and its dynamics which has helped us to thoroughly underwrite this new investment and identify its attractive upside potential."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 500 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 3.5 billion with a clear majority owned by its Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 768 83 72
E-mail: [email protected]
Press release
Baar-Zug, 15 August 2011
Partners Group, the global private markets investment manager, has completed an investment in a landmark property, home of the well-known department store "Illum" in central Copenhagen, on behalf of its clients. The acquisition of this property was completed together with MGPA and a Canadian institutional investor.
The property consists of two adjacent buildings for a total of 40,300 sqm of gross lettable area (GLA) and is located in Copenhagen's prime retail district, benefiting from prominent road frontage on four sides. The most visible corner of the site is at the junction of the two most prominent pedestrian retail streets in the city. The majority of the space is leased to historic department store operator Illum on a 15 year basis while it is also intended to create high street retail units, including flagship stores for international retailers.
Claude Angéloz, Partner and Co-Head Private Real Estate, comments, "We are very pleased with our investment into this high profile property. It is consistent with our strategy of focusing on high-quality real estate in excellent locations and strong economies that provides significant upside potential through active asset management. The retail investment we completed in the Copenhagen market last year has ensured we are already very familiar with the local market and its dynamics which has helped us to thoroughly underwrite this new investment and identify its attractive upside potential."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 500 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 3.5 billion with a clear majority owned by its Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 768 83 72
E-mail: [email protected]