Partners Group invests in 4'150 residential real estate units in,Germany on behalf of its clients
Press release
Baar-Zug, 8 July 2010
Partners Group, the global private markets investment manager, continues to identify a significant number of attractive private real estate investment opportunities. On behalf of its clients, Partners Group - with its investment partner Corestate - recently made two preferred equity investments in portfolios of German residential assets with a combined value of EUR 230 million.
Both underlying property portfolios enjoy downside protection from stable rental income and offer potential to reduce vacancy rates. Partners Group added further downside protection by investing through preferred equity, which at the same time provides upside potential through profit participation.
The two portfolios became available to Partners Group and Corestate as a consequence of the global financial crisis. The acquisitions were privately negotiated with the sellers, and in both cases, long-term senior financing was secured on attractive terms. The entry value of the portfolios reflect the broader market's recent valuation falls.
About Partners Group
Partners Group is a global private markets investment management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Dubai, Singapore, Beijing, Tokyo and Sydney. The firm employs over 360 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of about CHF 3.5 billion with a clear majority owned by its 36 Partners and all employees.
Contact:
Dr. Cyrill Wipfli, Partner
Chief Financial Officer
Phone: +41 41 768 85 71
E-mail: [email protected]
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]
Press release
Baar-Zug, 8 July 2010
Partners Group, the global private markets investment manager, continues to identify a significant number of attractive private real estate investment opportunities. On behalf of its clients, Partners Group - with its investment partner Corestate - recently made two preferred equity investments in portfolios of German residential assets with a combined value of EUR 230 million.
Both underlying property portfolios enjoy downside protection from stable rental income and offer potential to reduce vacancy rates. Partners Group added further downside protection by investing through preferred equity, which at the same time provides upside potential through profit participation.
The two portfolios became available to Partners Group and Corestate as a consequence of the global financial crisis. The acquisitions were privately negotiated with the sellers, and in both cases, long-term senior financing was secured on attractive terms. The entry value of the portfolios reflect the broader market's recent valuation falls.
About Partners Group
Partners Group is a global private markets investment management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Dubai, Singapore, Beijing, Tokyo and Sydney. The firm employs over 360 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of about CHF 3.5 billion with a clear majority owned by its 36 Partners and all employees.
Contact:
Dr. Cyrill Wipfli, Partner
Chief Financial Officer
Phone: +41 41 768 85 71
E-mail: [email protected]
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]