Partners Group invests in a commercial property in Hong Kong
Press release
Baar-Zug, 2 October 2012
Partners Group, the global private markets investment manager, has invested in a 15-storey commercial building strategically located in the heart of Hong Kong's densely populated Tsuen Wan district on behalf of its clients. Originally one of Hong Kong's oldest industrial districts, Tsuen Wan has been regenerated over the past decade and today is a major commercial and residential hub in Hong Kong's New Territories.
The strategy involves repositioning and rebranding the property as a modern, "Ginza-styled" vertical lifestyle and F&B center. The building is well-positioned to benefit from growing retail demand in Tsuen Wan which is supported by favorable fundamentals such as rising incomes as well as improving infrastructure.
Bastian Wolff, a senior investment manager at Partners Group, comments, "We are pleased to be investing in this attractive opportunity for our clients. In line with our shift towards shorter duration investments, an under-managed property such as this offers potential for value creation through active asset management. Together with our local investment partner, who has strong expertise in the retail and office sector in Hong Kong, we intend to have the property repositioned and rebranded to capitalize on the high pedestrian flow from middle-income residents, office workers and students in the area."
About Partners Group
Partners Group is a global private markets investment manager with over EUR 25 billion 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, Paris, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 600 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 5 billion with a clear majority owned by its partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 784 63 72
E-mail: [email protected]
Press release
Baar-Zug, 2 October 2012
Partners Group, the global private markets investment manager, has invested in a 15-storey commercial building strategically located in the heart of Hong Kong's densely populated Tsuen Wan district on behalf of its clients. Originally one of Hong Kong's oldest industrial districts, Tsuen Wan has been regenerated over the past decade and today is a major commercial and residential hub in Hong Kong's New Territories.
The strategy involves repositioning and rebranding the property as a modern, "Ginza-styled" vertical lifestyle and F&B center. The building is well-positioned to benefit from growing retail demand in Tsuen Wan which is supported by favorable fundamentals such as rising incomes as well as improving infrastructure.
Bastian Wolff, a senior investment manager at Partners Group, comments, "We are pleased to be investing in this attractive opportunity for our clients. In line with our shift towards shorter duration investments, an under-managed property such as this offers potential for value creation through active asset management. Together with our local investment partner, who has strong expertise in the retail and office sector in Hong Kong, we intend to have the property repositioned and rebranded to capitalize on the high pedestrian flow from middle-income residents, office workers and students in the area."
About Partners Group
Partners Group is a global private markets investment manager with over EUR 25 billion 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, Paris, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 600 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 5 billion with a clear majority owned by its partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 784 63 72
E-mail: [email protected]