PropertyEU
Partners buys junior notes backed by 36 German assets
Date: 26 May 2011
Category: Company
Private markets investment manager Partners Group has sourced and acquired four junior notes secured on a 36-asset portfolio in Germany on behalf of its clients.

Around 64% of the portfolio consists of office properties, 28% are retail assets, with the balance represented by industrial assets.

Partners Group said the portfolio has low vacancy and offers diversification in terms of geography as well as tenant base. The largest property in the portfolio is a high-quality office property in Nuremberg, leased to a leading international technology company.

'The investment generates an attractive cash yield and is consistent with our strategy of fully analyzing the underlying real estate even in situations hindered by complicated legal structures,' said Eliza Bailey, senior vice president and head Private Real Estate Debt.

Partners Group, headquartered in Zug, Switzerland, is an independent private markets investment management firm with over EUR 20 bn in investment programs under management in private equity, private real estate, private infrastructure and private debt.
 
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