Tag Archives: Real estate

Ardian Real Estate raises €700 million for inaugural fund

Ardian

Paris, March 1st 2018 – Ardian, a world-leading private investment house, today announces that it has raised more than €700 million for its first Real Estate European Fund, confirming Ardian’s position as now one of Europe’s leading private equity real estate investors. The fundraising marks the company’s continued growth into new attractive segments of the market as it meets the evolving needs of its investors. Real Estate is Ardian’s fifth pillar of investment activity alongside Fund of Funds, Direct Investment, Infrastructure and Private Debt.

The significant interest among investors once again underscores the strength of Ardian’s fundraising capability and trust of its investors, a group which comprises major pension funds, insurance companies, financial institutions, and High Net Worth Individuals across the world. In total, the Ardian Real Estate European Fund attracted nearly 50 investors from 11 different countries.

Adopting the multi-local presence and long term, disciplined investment philosophy present in the company’s other investment pillars, Ardian Real Estate combines the company’s on-the-ground knowledge and relationships with the global perspective, which has always given Ardian its competitive edge. The fund which has an investment sweet spot of €50 to €150 million, targets commercial property assets with a significant size in the core-plus / value-added segment and seeks to significantly enhance rental income through active asset management. The fund focuses on the main cities of the three largest economies in the Eurozone (Germany, France and Italy), where Ardian already has an extensive background in direct private investment.

The fund has already successfully deployed significant amounts of capital across four different attractive investment opportunities in its core markets of Germany, France and Italy:

  • November 2016 – Wappenhalle (Konrad) office premises and business park complex in Munich, acquired from real estate asset manager, publity AG
  • February 2017 – Six office buildings located in Milan, Rome and Bari, acquired from real estate fund, Cloé
  • June 2017 – ‘Europa’ building in Levallois, West of Paris, acquired from media group, Lagardère as a joint venture with LaSalle Investment Management
  • December 2017 – Heinemann Bogen office complex in Munich’s Neuperlach district, acquired from a fund managed by Corpus SIREO Real Estate Sireo, owned by Swiss Life Asset Managers

Dominique Senequier, President of Ardian, said: “This is a significant achievement for Ardian Real Estate, and indeed for the company more broadly. Ardian has already established itself as a leading player in the global investment industry. Now, this fund confirms our position as one of the key players within real estate. Ardian Real Estate, which is Ardian’s fifth investment pillar, was always a natural progression for us, and this fund signifies the growing strength and variety of our offering to investors.”

Bertrand Julien-Laferrière, Head of Ardian Real Estate, added: “This fund is a milestone moment for Ardian Real Estate. The positive reception and strong support for this fund among both existing and new investors shows the appetite for this asset class. It is also recognition of Ardian’s strong track record and of the quality of its real estate teams in Paris, Frankfurt and Milan. We have already been able to deploy capital across nine assets that perfectly fit our strategy, highlighting the attractive investment opportunities that exist on the market and we’ll announce significant new transactions in the coming months. With the success of this fund, the market gets a new and exciting entrant that benefits from Ardian’s multi-local presence and long term, disciplined investment philosophy.”

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 480 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore and Tokyo). It manages funds on behalf of 675 clients through five pillars of investment expertise: Real Estate, Funds of Funds, Direct Funds, Infrastructure and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

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Eurazeo Patrimoine announces the acquisition of C2S GROUP

Eurazeo

Eurazeo Patrimoine, the Eurazeo division specializing in investments in tangible assets, is pleased to announce the acquisition of C2S Group from Bridgepoint. The investment company will invest c. €100 million to become the group’s majority shareholder, alongside management and medical practitioners.

The transaction is subject to the approval of the French Competition authority and should be completed in the first quarter of 2018. C2S Group is the eighth largest private clinic operator in France and a regional leader in Auvergne, Rhône-Alpes and Burgundy Franche-Comté. It operates 11 clinics, primarily specializing in short and medium-length stays in general medicine, surgery and follow-up care. It also wns the buildings for seven of its clinics. The group has 500 medical practitioners, who are partners in the group’s governance and nearly 1,800 employees. In 2016, it treated over 235,000 patients (75% as outpatients) and reported revenue of €158 million. The group’s growth is founded on long-term societal trends. The French hospital care market was €195 billion 2015 (second largest in Europe) and is growing steadily.

C2S also enjoys an ideal regional footprint in one of the most densely populated and attractive areas in France. C2S Group has strengthened the management of its operations and real estate assets, while implementing an active external growth strategy,acquiring notably Hôpital Privéd’Ambérieu in 2015 and the Avenir Santé Group in 2016.

Since 2015, it has invested heavily in modernizing the group and improving its operating performance, benefiting from a relationship of trust with regional health authorities. Eurazeo Patrimoine’s experience in accompanying companies, combined with its real estate management expertise and its historical knowledge of the region, will drive the acceleration of C2S Group’s development, particularly through external growth.

For Renaud Haberkorn, Managing Partner and Head of Eurazeo Patrimoine: “We’re thrilled to offer our real estate and operational support and expertise to C2S Group. Its development and transformation in recent years has been quite remarkable. With its strong local footprint and Eurazeo Patrimoine’s support, we’re sure the group will continue its growth momentum and seize the many development opportunities available to it. This investment fits perfectly with Eurazeo Patrimoine’s strategy at the crossroads of the real estate and private equity businesses.”

For Jean Rigondet, Chairman of C2SGroup: “We’re delighted to welcome Eurazeo onboard and to work together to continue the group’s development strategy. With Bridgepoint ’s support, we successfully completed several projects and undertook essential work across all our clinics. We’re now eager to start a new chapter in C2S Group’s history alongside Eurazeo Patrimoine.

Further improvements in performance will be founded on exemplary medical governance and our teams, of which we are immensely proud, confirming our position in the Greater Center-East region.”

About Eurazeo

With a diversified portfolio of approximately ~€8 billion in assets under management, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. 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. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

 

 

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ONELA, Colisée’s new home care services Brand Name

ik-investment-partners

Paris – January 15th 2018 – Colisée reaffirms its commitment to senior citizens and their loved ones’ care with the launch of its Brand Name ONELA, Bien à la Maison and Nouvel Horizon Services’ new common Brand Name.

With close to 70 agencies, ONELA, home services specialist, is abundantly present throughout the country, without brand franchising, in order to insure standardized values and good practices shared by its 2900-employee staff. ONELA is renowned for the quality of the services it provides to elderly and handicapped people as well as people in recovery and their caregivers.

Thanks to their proximity, responsiveness and 24-hour activity the ONELA teams are able to meet the needs expressed in all circumstances by more than 12.000 beneficiaries daily.

ONELA emphasizes its demanding recruitment process and its training policy devised to ensure an efficient and homogeneous service. With this objective, ONELA fully profits from the Colisée Group’s renowned expertise, both in France and internationally, in the elderly people’s sector.

To outline its difference, ONELA relies on a strong identity highlighted by its motto “Etre bien chez soi” (“Feeling good at home”) and new additional services such as tele-advice or teleconsultation: a 24-hour, 7 days a week medical service which makes it possible for someone to get in touch strictly confidentially with a doctor in order to talk, get some advice or reassurance and if necessary be directed towards an appropriate service.

With its brand-new redesigned website (https://www.onela.com) which promotes both the staff and the agencies and boasts a recruiting section and an easily noticeable identity, ONELA will endeavour to find and offer regular new services, truly suited to the current expectations of senior citizens who would like to live independently and at home as long as possible.

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KKR Closes $2.0 Billion Real Estate Partners Americas II Fund

KKR

NEW YORK– KKR, a leading global investment firm, today announced the final closing of KKR Real Estate Partners Americas II (“REPA II” or the “Fund”), a $2.0 billion fund dedicated to value add and opportunistic real estate investments primarily in the U.S.The Fund includes approximately $230 million of capital from KKR’s balance sheet and employee commitments.

REPA II is the successor fund to KKR Real Estate Partners Americas (“REPA I”), KKR’s first dedicated real estate fund, which completed fundraising in December 2013 with $1.5 billion in capital commitments and has already returned more than 70 percent of its capital to investors. REPA I is fully committed.

“Since the inception of our real estate platform, we have leveraged KKR’s sourcing channels, access to underwriting information, and operational expertise to create strong value-driven real estate investments. Seven years later, we are proud of our progress in scaling both our real estate equity and credit strategies to create differentiated investment opportunities for our investors,” said Ralph Rosenberg, Member and Global Head of KKR Real Estate.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, sovereign wealth funds, insurance companies, financial institutions, foundations, endowments, family offices, and high net worth individual investors.

“We are pleased to have the backing of many investors from around the world who share in our enthusiasm for REPA II, helping us surpass our initial target for the fundraise – a testament to the strength of the KKR Real Estate team and the KKR franchise,” said Suzanne Donohoe, Member and Global Head of KKR’s Client and Partner Group.

Since launching a dedicated real estate platform in 2011, KKR has invested or committed over $5 billion in capital across more than 60 real estate transactions in the U.S., Europe and Asia as of September 30, 2017. The global real estate team consists of over 50 dedicated investment professionals, spanning both the equity and credit businesses.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

KKR
Kristi Huller or Cara Kleiman Major
+1 212-750-8300
media@kkr.com

Source: KKR & Co. L.P.

 

 

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Vaaka Partners sells Ovenia

VAAKA PARTNERS SELLS OVENIA, THE LEADING FINNISH REAL ESTATE MANAGEMENT SERVICES COMPANY, TO COLLIERS INTERNATIONAL

04 Jan 2018 14:33

Ovenia is the leading property management service provider in the Finnish market. The company offers real estate management related services for shopping centers, business premises and residential property owners and users with nationwide operations. Today, Ovenia has an annual turnover of over 45 million euro and it operates from 26 locations. Customers are served by over 500 real estate professionals who provide property and residential management services, technical, environmental and energy efficiency services, and commercial leasing.

”It has been a great journey to take part in developing Ovenia into a leading player within property management in Finland. We are very satisfied to see that we have found a new strong international owner for Ovenia that will continue to develop the company in its following development phase. During our ownership, Ovenia has tripled in size and developed into a full scope property management company serving all real estate customer segments with a broad service offering”, comments Ilkka Hietala, Partner at Vaaka Partners.

“This acquisition represents an important milestone in our Nordic and Pan-European growth strategy,” said Chris McLernon, Colliers International EMEA CEO. “Our clients have been asking us to strengthen our presence in the Nordics for some time and with this investment, we enter the market as the undisputed leader. Our new business in Finland also enhances our existing property and asset management platform throughout the Nordics and wider EMEA region.”

“With a shared culture of service excellence together with the best professionals in the property management industry, we have created an industry leader in Finland,” said Sirpa Ojala CEO of Ovenia. “We currently manage a property portfolio of more than ten million square meters and offer a wide range of best-in-class property management and advisory services to blue-chip clients. Our entire leadership team is excited to be joining Colliers International and to take advantage of their additional resources, unique entrepreneurial culture and ability to serve clients both locally and globally,” she concluded.

About Ovenia

The Ovenia Group is Finland’s leading provider of property and real estate management services and leasing services. The Group comprises Ovenia Oy, Ovenia Isännöinti Oy and Realprojekti Oy. The Ovenia Group is responsible for the maintenance of 19 shopping centres and 1,500 business premises, and the administration of over 50,000 apartments. All services are provided in accordance with the ISO 9001 certification for property management. Ovenia Group operates in 26 localities across Finland and employs over 500 property professionals. www.ovenia.fi, www.realprojekti.fi

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

 Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

More information:

Ilkka Hietala, Partner, Vaaka Partners, mobile: +358 50 358 6929, ilkka.hietala@vaakapartners.fi 
Sirpa Ojala, CEO, Ovenia, mobile: +358 40 566 3466, sirpa.ojala@ovenia.fi

 

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Ardian Real Estate to acquire “Heinemann Bogen“ office complex in Munich-Neuperlach

Ardian

With its fourth investment, Ardian Real Estate is actively pursuing its investment strategy to focus on core plus and value-added commercial property in key European cities

Frankfurt/Munich, December 20, 2017 – Ardian, a world-leading private investment house, has signed an agreement to acquire the “Heinemann Bogen” office complex in Munich’s Neuperlach district from a fund managed by Corpus SIREO Real Estate Sireo, which is owned by Swiss Life Asset Managers. The parties agreed not to disclose the financial details of the transaction. The complex is easily accessible and has around 16,000 square meters of rented space and 228 parking spaces. This is the second transaction by the Ardian Real Estate Europe Fund (AREEF) in Germany and the fourth in Europe. Last year, Ardian Real Estate (founded in 2015 and Ardian’s newest investment activity) had already acquired the KONRAD office complex in Munich Riem.

The “Heinemann Bogen” office complex was built in 1990 and was last renovated in 2013. The prominent complex consists of a main building that is connected to four office wings with five to six stories each. The natural stone façade, two tower-like semicircular structures above the entrances and a freestanding rental unit with a striking round glass front used as a restaurant space make it highly recognisable. The rental space offers tenants flexible and efficient floorplans for all office concepts in units per floor of approx. 460 square meters to 2,400 square meters. The office building is in a prestigious corner location at Schindlerplatz square, which is clearly visible from the directly adjacent “Neuperlach-Süd” station. Travel time to downtown Munich via the nearby S-Bahn (train) and U-Bahn (subway) connection takes about 20 minutes, and the A8 is just a few minutes away by car.

Neuperlach is a well-established office and services district in Munich. As a location, its character is shaped primarily by well-known companies in the high-tech and insurance industries with national and international operations, such as Siemens AG, BSH Bosch und Siemens Haushaltsgeräte, Allianz and Wacker Chemie. Many development projects – including residential, office and commercial properties – are now contributing further to the positive development of the Neuperlach location and continue to reflect its strong dynamic. The neighboring shopping center PEP in the center of Neuperlach will increase its space to a total of around 55,000 square meters with 135 stores by spring 2018. Once completed, the new district center with stores, apartments, a hotel and a daycare center will become an architectural highlight.

Bernd Haggenmüller, Managing Director Real Estate at Ardian: “Munich is an attractive business location with a high quality of life, and the demand for commercial real estate is correspondingly high in this region. Therefore, we are pleased to gain a foothold in this attractive market with a second property already. As a core plus property, about 75% of the space in Heinemann Bogen has been leased to date, and additional floorspace is available in the short term for new or successor tenants. In view of the superb infrastructure to live and work in as well as the high demand for space, we see significant potential for the property’s rental and value growth in coming years that we will support with our asset management expertise.”

Further information about Heinemann Bogen is available at the following website:

www.heinemannbogen-muenchen.de

The transaction was advised by BNP Paribas Real Estate, Herbert Smith Freehills, Beiten Burkhardt and REC Partners.

 

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from twelve offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore). It manages funds on behalf of 610 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

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DIF acquires Australian Student Accomodation concession

DIF

Sydney, 21 December 2017 – DIF is pleased to announce that DIF Infrastructure V has acquired a 30 year Purpose Built Student Accommodation (“PBSA”) concession with the University of Tasmania in Australia.

The University of Tasmania is the only university in the Australian state of Tasmania. Under a 30 year concession, DIF as a sole equity sponsor, will operate and maintain a portfolio of approximately 1,800 existing beds across 10 PBSA facilities.

In addition, DIF has a right of first offer for any new PBSA builds, representing a positive long term relationship and pipeline with the University.

Tetris Capital were financial advisers to DIF in relation to this transaction and Corrs Chambers Westgarth acted as legal adviser.

Marko Kremer, DIF’s Head of Australasia added: “DIF is proud to have entered into this partnership with the University of Tasmania to support their academic and educational pursuits.”

DIF Profile

DIF is an independent and specialist fund management company, managing funds of approximately €4.6 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

The majority of DIF’s funds, including DIF Infrastructure V, target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects.

DIF CIF I targets small to mid-sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid-term with highly rated entities.

Both strategies targets both greenfield and brownfield projects in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Paul Nash, Partner
Email: p.nash@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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Partners Group to acquire office building in North Sydney for AUD 205 million

Partners Group

Partners Group, the global private markets investment manager, has agreed on behalf of its clients to acquire 73 Miller Street, an office building in North Sydney, Australia. The building is being acquired from Fosun International for a total transaction value of around AUD 205 million.

73 Miller Street is an 11-story office building with a total floor area of 14,672 square meters. Constructed in 1990, the building is located in a prime location within North Sydney’s commercial core, with excellent access to public transport and connections to the city’s Central Business District (“CBD”) via the Sydney Harbor Bridge. Following the acquisition, Partners Group will execute a value-added business plan involving the creation of an extra 13% of additional retail space and the refurbishment of the property to bring it to Grade-A standard.

Rahul Ghai, Managing Director, Private Real Estate Asia, Partners Group, comments: “The acquisition of 73 Miller Street is supported by favorable underlying market fundamentals. On the one hand, rents in Sydney’s CBD have risen more than 30% in the past year, driving some tenants to search for more affordable office locations in other commercial districts including North Sydney. On the other hand, there have been substantial infrastructure upgrades in the North Sydney area, which have increased its connectivity.”

The signing of the 73 Miller Street transaction follows Partners Group’s earlier acquisition of a strategic industrial infill site in Southport, Queensland, Australia. Partners Group plans to develop the site into a modern logistics estate with the capacity to accommodate up to 100,000 square meters of gross lettable area. The location of the site will enable occupiers to service the broader Southern Queensland and Northern Rivers regions, which are currently under-served in terms of logistics facilities.

Bastian Wolff, Managing Director, Head of Private Real Estate Asia, Partners Group, adds: “Both the 73 Miller Street and Southport acquisitions were sourced by our Asia real estate team on an exclusive basis through proprietary relationships, thus avoiding a highly competitive auction process. Both transactions also have a clear repositioning and active asset management strategy behind them that is supported by strong, local growth trends.”

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CapMan Nordic Real Estate II acquires commercial property in Oslo

CapMan Nordic Real Estate II acquires commercial property in Oslo

CapMan Nordic Real Estate II fund has acquired Lille Grensen 5, a retail and office property located in Oslo city centre from a German fund.

The property is a 4,700 sqm mixed retail and office building located on Lille Grensen, a well-known pedestrianised street in the heart of Oslo city centre which connects with both Karl Johans gate, the premier retail street in Oslo, and Grensen. The retail area is spread across basement, ground and first floors with offices in the 5 floors above. The property has 30% vacancy today and a number of leases are approaching expiry.  

“We are very excited about the purchase of this property, which is extremely well located from both a retail and office perspective. With some vacancy and leases coming up for expiry, we see an excellent opportunity to upgrade the premises for existing and potential tenants in order to create extra value,” comments Ed Williams, Managing Partner at CapMan Real Estate.

The acquisition of Lille Grensen 5 is CapMan Nordic Real Estate II’s second acquisition following closing of the Euro 425 million fund raising in August this year. The focus of the fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities.

CapMan Real Estate has a team consisting of over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and it currently has over EUR 1.7 billion of assets under management.

For further information, please contact:
Ed Williams, Managing Partner, CapMan Real Estate, tel. +46 76 506 20 71

CapMan  
www.capman.com
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 28 years. CapMan has today 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

 

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Partners Group acquires 4 million square feet of US office space valued at over USD 1 billion

Partners Group

Partners Group, the global private markets investment manager, has acquired a total of 4 million square feet of office space in the US on behalf of its clients since the start of the year. This US office portfolio has a total acquisition value of over USD 1 billion.

In May, Partners Group acquired 100 Peachtree, a 33-story and over 622,000 square foot office tower located in Atlanta, Georgia. In June, the firm acquired Burns and McDonnell Plaza, a Class A office building in Houston, Texas, while in October, it acquired Island Center and Waterford Plaza, two Class A office buildings in Tampa, Florida. Most recently, Partners Group completed its acquisition of a 26-story, 403,000 square foot office tower located in Buckhead, Atlanta’s leading office submarket.

In addition, Partners Group recently completed the acquisition of a 2.2 million square foot portfolio of Class A office properties located in select suburban markets in Dallas, Chicago, Washington D.C., Austin and Boston via a tail-end liquidity transaction.

Partners Group will draw on its long track record of experience in real estate asset management to execute value-added business plans for the acquired properties in conjunction with local operating partners. Value creation initiatives will vary but will typically include increasing the buildings’ occupancy to market levels, renewing leases and upgrading amenities and common areas to meet the changing demand of current and future tenants.

Ron Lamontagne, Managing Director and Head of Private Real Estate Americas at Partners Group, comments: “In the US, our sourcing efforts in the office sector have been concentrated on finding properties in secondary CBD markets that are benefitting from corporate relocations, job growth and associated infrastructure improvements. These investments are in line with our over-arching strategy of acquiring high-quality assets in strong locations that could benefit from a repositioning, or other active property management and value creation initiatives to drive net operating income.”

Marc Weiss, Partner and Head of Private Real Estate Secondaries and Primaries at Partners Group, adds: “This substantial US office portfolio has been built by Partners Group’s ‘one team’ approach to real estate investing, which encourages dialogue between our direct, primary and secondary team members. Our approach emphasizes the importance of proprietary sourcing through our network of local asset owners, GPs and operators, in order to avoid the highly competitive auction processes that tend to characterize transactions in the core space and traditional secondaries market.”

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