A joint venture between EQT Real Estate I fund (“EQT Real Estate”), a fund managed by Metropolitan Real Estate (“Metropolitan”) and STAM Europe has agreed a pre-let agreement with Adobe, one of the largest and most diversified software companies in the world headquartered in San Jose, California, for the entirety of Code, an office property situated on Rue Lauriston in central Paris. The 5,800 sqm asset will serve as Adobe’s new French HQ upon completion, which is expected in spring 2019.

Located moments from the Place du Trocadéro, Code presents an architecturally striking asset comprising seven levels. The asset offers 5,800 sqm of office space, including an 800 sqm co-working area and an out-door patio for tenants. The asset also boasts a landscaped roof top that can be accessed by all occupiers, a dedicated wellness area, bike space and a carpark. Code also has a potential ERP classification, and benefits from strong natural light, providing qualitative communal spaces.

Having acquired the asset in 2016, EQT Real Estate, Metropolitan and STAM Europe have repositioned the property by undertaking a full-scale redevelopment, transforming a derelict, unused space into a Grade A office building in central Paris.

Olivier Astruc, Managing Director at EQT Partners and advisor to the fund, said: “EQT Real Estate strives to deliver best-in-class assets for users and investors. The Code development has been an exciting journey, as we have turned these obsolete garage and residential buildings into premium office facilities. We look forward to welcoming Adobe to these flexible and stimulating surroundings.”

Edward Bates, Managing Director at STAM Europe continues: “The ambitious restructuring program we have implemented has triggered a lot of interest from users. We are particularly proud to host Adobe France in this building that will provide an exceptional experience and work environment and will surely inspire Adobe employees to collaborate, create, innovate and perform. “

The owner was represented by BNP Paribas and JLL as landlord commercial representatives and Ashurst as legal representative. The tenant was represented by Colliers as tenant representative and Hogan Lovells as legal representative.

Contacts EQT
Olivier Astruc, Managing Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5426
Robert Rackind, Partner and Head of EQT Real Estate at EQT Partners and Investment
Advisor to EQT Real Estate I, +44 207 430 5555
EQT Press Office, +46 8 506 553 34

About EQT
EQT is a leading alternative investments firm with more than EUR 50 billion in raised capital across 28 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Real Estate I
EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property investment, development and intensive “hands-on” asset management, and with access to the full EQT network, including 10 European offices and more than 250 industrial advisors.

More info: www.eqtpartners.com/Investment-Strategies/real-assets/real-estate/

Contact STAM Europe
Samantha SUDRE ROUX
SSudreRoux@stam-europe.com
Tél: +33 (0)1 55 35 98 30

About STAM Europe
Based in Paris and established for 20 years, STAM Europe is an independent investment and asset management company particularly focused on the French market. STAM Europe operates with a fully integrated team of experienced professionals with financial, legal, real estate and technical backgrounds. The firm manages separate accounts on behalf of international investor partners. STAM’s track record covers a diversified array of real estate asset classes and the full range of risk-adjusted return profiles. Throughout 2018, STAM has executed a total of €750 million in transactions on behalf of its clients and partners.

STAM France IM is a portfolio management company incorporated in 2008 and registered under the French Financial Market Authority (AMF) to manage real estate collective investment vehicles (OPPCI).

Paris, January 10, 2019 – Eurazeo Patrimoine, the Eurazeo division dedicated to investment in real
assets, and in particular to Real Estate, has announced the acquisition of Euston House, a London
office building, alongside Arax Properties.

The Euston House office building, which is a freehold, was acquired for approximately €105 million,
with a Eurazeo equity investment commitment after financing of around €40 million. Euston House
has a surface area of approximately 11,000 m² (119,000 sq ft). It is located in the London Borough of
Camden, which comprises a large number of healthcare and educational institutions and recently has
seen a transformation around the King’s Cross St. Pancras and Euston railway stations due to the
world’s leading technology and media companies such as Google, Facebook and Universal renting or
building large office complexes for their European or UK headquarters. The area also benefits from
excellent transport links to the North of England, Europe (through the Eurostar to Paris, Amsterdam
and Brussels) and is expected to benefit from the planned second British high-speed line HS2 which
is to link London to Birmingham, Manchester, Leeds, Edinburgh and Glasgow.
The building is fully leased until 2022 and will therefore provide a secure rental income and ultimately,
strong rental reversion potential. A refurbishment program will be implemented to capture this potential
and significantly enhance the asset’s value.

Renaud Haberkorn, Managing Partner of Eurazeo Patrimoine, said: “Contrary to the Continental
European markets, where values have soared over the past three years, the London office market
experienced a slight correction recently, despite rental demand remaining strong. The Euston House
investment has tremendous value creation potential in one of London’s most dynamic and wellconnected markets. Building on this initial London investment, Eurazeo Patrimoine will be well placed
to seize any further opportunities that arise.

About Eurazeo
o Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under
management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable
private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies
of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector
expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid
institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment
horizon enable Eurazeo to support its companies over the long term.

Eurazeo has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg, Frankfurt and
Madrid.

o Eurazeo is listed on Euronext Paris.
o ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

Secondaries Offer Exposure to Seasoned Investments with Shortened Holding Periods

These Defensive Characteristics Resonate with Investors Late in the Economic Cycle

New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has closed Metropolitan Real Estate’s Secondaries Program II, raising $1.2 billion and exceeding its $750 million target. The program invests in the real estate secondaries market globally, providing liquidity to investors in private equity funds and other partnership structures. Program II builds on Metropolitan Real Estate’s secondaries investment strategy dating back to 2002 and its first dedicated secondaries program, which launched in 2014.

Sarah Schwarzschild, Head of Secondaries at Metropolitan, said, “Secondaries offer exposure to seasoned real estate investments with a shortened holding period. These defensive characteristics, among others, are resonating with our investors late in the economic cycle. As the secondary market continues to grow, we remain focused on acquiring high quality assets with capable partners at attractive valuations for our investors.”

Lauren Dillard, Head of Carlyle Investment Solutions, said, “Strong investor interest in this program is a testament to the team, their proven investment strategy and the depth of the opportunity. We are grateful for the support of our returning and new investors and will work hard to create value for them.”

Metropolitan Real Estate is a multi-manager real estate private equity investment platform that is part of Carlyle’s Investment Solutions business. The platform encompasses primary fund investments, direct property co-investments and secondaries, creating multiple and complementary ways for Metropolitan to invest with its partners.

Metropolitan’s secondary investment strategy benefits from its deep market relationships and foundation of over 225 existing fund investments. Program II has already closed five investments spanning the U.S., Europe and Asia in all major property types.

Metropolitan has a global team that comprises more than 40 people in the U.S., Europe and Asia. It is led by an investment committee averaging more than 25 years of industry experience. Metropolitan manages global real estate commingled funds and separate accounts comprised of primaries, secondaries and co-investments.

* * * * *

Contact:

The Carlyle Group
Liz Gill: +1 (202) 729-5385
Elizabeth.gill@carlyle.com

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

LONDON – December 20, 2018 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over €26 billion of equity capital under management, announced today that one of its affiliates has recently completed three transactions in Norway, acquiring high quality office assets totaling c. 100,000 sqm. Terms were not disclosed.

H.I.G. continues to add to its sizable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners in London, commented: “The Nordic real estate markets represent a key part of our European value-add strategy and we continue to actively look at opportunities in the small/midcap sector in these countries across the capital structure”.

Fredrik Steinum, Principal at H.I.G. Europe Realty Partners in London, added: “The transaction demonstrates our ability to leverage our strong network and track record across the Nordic markets to acquire high quality assets with significant value-add potential”.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €26 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.