Partners Group invests USD 265 million of equity to restructure US property portfolio
Press release
Baar-Zug, Switzerland, 5 July 2016
Partners Group, the global private markets investment manager, has invested USD 265 million in a portfolio of seven retail, mixed-use and development property assets in the US on behalf of its clients. The investment was made via a secondary transaction involving the restructuring of an existing mature fund.
The portfolio was part of a 2006-vintage program managed by Madison Marquette and includes retail centers in California and North Carolina totaling 1,032,000 square feet of lettable area, and large-scale mixed-use waterfront development projects in Washington DC and Asbury Park, NJ. Partners Group will work with Madison Marquette to operate the assets and complete renovation and development plans.
Fabian Neuenschwander, Senior Vice President, Private Real Estate Secondaries, Partners Group, comments: "This investment is a great example of the opportunities that can be found in the US secondary market currently due to the number of maturing real estate programs that require resolution. With quality assets located in major US metropolitan markets, we believe this portfolio still has significant value creation potential and look forward to unlocking the value of these properties in the coming years through proactive asset management."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 46 billion (USD 50 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, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 800 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
Email: [email protected]
Press release
Baar-Zug, Switzerland, 5 July 2016
Partners Group, the global private markets investment manager, has invested USD 265 million in a portfolio of seven retail, mixed-use and development property assets in the US on behalf of its clients. The investment was made via a secondary transaction involving the restructuring of an existing mature fund.
The portfolio was part of a 2006-vintage program managed by Madison Marquette and includes retail centers in California and North Carolina totaling 1,032,000 square feet of lettable area, and large-scale mixed-use waterfront development projects in Washington DC and Asbury Park, NJ. Partners Group will work with Madison Marquette to operate the assets and complete renovation and development plans.
Fabian Neuenschwander, Senior Vice President, Private Real Estate Secondaries, Partners Group, comments: "This investment is a great example of the opportunities that can be found in the US secondary market currently due to the number of maturing real estate programs that require resolution. With quality assets located in major US metropolitan markets, we believe this portfolio still has significant value creation potential and look forward to unlocking the value of these properties in the coming years through proactive asset management."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 46 billion (USD 50 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, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 800 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
Email: [email protected]