EQT Real Estate acquires Allee Center, a neighborhood shopping center in Leipzig, Germany, from Investa Real Estate

eqt

The EQT Real Estate I fund has acquired Allee Center, a modern shopping center located in a high-density residential area in Grünau, a suburb of Leipzig. The Allee Center was built in 1996 and comprises around 40,000 square meters of rental space.

The center was sold by Investa Real Estate via Colliers International. The transaction represents the fund’s eighth investment to date and third into Germany. Investa Real Estate was advised by Clifford Chance and Drees & Sommer.

‘We’re excited to be an integral part of the rapid growth of Leipzig in general, and Grünau in particular. Together with the center manager ECE, we hope to make an important positive contribution to the further development of the area” says Frank Forster, Director at EQT Partners and advisor to the fund.

EQT Real Estate has been advised by JLL, Ashurst and Arcadis. HSH Nordbank provided the senior acquisition facility for the acquisition of the shopping Center.

Contacts
Frank Forster, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5404
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 approximately EUR 50 billion in raised capital across 27 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.

About Investa Real Estate
Investa Real Estate develops and manages real estate in Germany for over 45 years. The company’s focus is in the development of high quality office and administrative buildings, hotels and healthcare real estate. Since 2013, Investa Real Estate has been developing innovative investment models for institutional investors.

 

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Ardian Real Estate acquires an office complex on Avenue de la Grande Armée in Paris

Ardian

Paris, July 11, 2018 – Ardian, a world-leading private investment house, announces today the completion of the acquisition of an office complex at 46-48 Avenue de la Grande Armée, in Paris. This transaction is in line with Ardian Real Estate’s strategy of investing in real-estate assets with a strong potential for value creation.

The 8,120 square metre post-Haussmann style complex comprises two interconnected buildings of six and eight floors. The property will be refurbished to prime standards through an ambitious program to optimize the working and tenant service areas, in accordance with key environmental certifications. The complex is very well located in the axis between the Central Business District and La Défense, adjacent to the Argentine metro station (line 1).

The building is also located on the edge of Porte Maillot, an area where numerous redevelopment projects are set to be unveiled in the coming years. Transport infrastructure is also being developed there, notably with the construction of line E of the Grand Paris Express rail network and Tramway T3, whose Porte Maillot stop will open in 2022.

This transaction follows the acquisition of Lagardère’s headquarters in Levallois in 2017. In 2018, Ardian Real Estate acquired the historic Europe 1 radio station’s headquarters Rue François 1er and another building, Place Rio de Janeiro, both in the 8th arrondissement.

 

LIST OF PARTIES INVOLVED

Investment manager/ Purchaser: Ardian
Purchaser’s advisors: Victoires Notaires, Linklaters, De Pardieu, Arsène-Taxand, JLL, Orféo
Architect: Franklin Azzi
Seller’s advisors: BlueBird Immobilier

 

ABOUT ARDIAN

Ardian a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas 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 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

 

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EQT Real Estate sign lease agreements of 25,000 sqm in Cologne TechnologiePark

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The EQT Real Estate I fund sign lease agreements with two existing tenants in Cologne. The lease represents around 25,000 sqm across three buildings. In the context of this lease, the concerned buildings are to undergo substantial modernization to bring them to a standard in line with today’s and future demands of occupiers.

Both tenants currently occupy space in the TechnologiePark of which they will re-lease 100% and expand into additional vacant space across the park. The EQT Real Estate team continue to work on improving the overall park to create a desirable and sought after office location within western Cologne.

Frank Forster, Director at EQT Partners and advisor to the fund, said: We’re thrilled that we could reach an agreement with one of our key tenants, whose name is closely connected with the city of Cologne to not only extend its presence in the park for the long term, but also to meaningfully enlarge it.

EQT Real Estate I have engaged Rhein Real Immobilien GmbH as their landlord representative and CTP Asset Management Services GmbH for the property management to help manage the office park.

Contacts
Frank Forster, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5404

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 approximately EUR 50 billion in raised capital across 27 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.

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KKR and Parkway Announce Acquisition of 1111 Brickell in Miami, Florida

KKR

MIAMI, June 14, 2018 /PRNewswire/ — KKR and Parkway Property Investments, LLC (“Parkway”) announced today the acquisition of 1111 Brickell, a 30-story, approximately 522,000 square foot Class A office tower in the heart of Miami’s dynamic Brickell submarket. The asset was purchased in a newly-formed joint venture between affiliates of KKR and Parkway. Square Mile Capital Management LLC originated the acquisition financing.

1111 Brickell is a perennial fixture of the Miami skyline and part of the acclaimed mixed-use project which includes the adjacent JW Marriot Hotel on Brickell Avenue. Constructed in 2000, 1111 Brickell features panoramic views of Miami and Biscayne Bay, an expansive lobby and approximately 18,000 square feet of green space.

KKR and Parkway, in partnership with a curated group of renowned local and international designers, intend to complete a comprehensive renovation to transform the building into a modern work environment centered on hospitality, community and wellness.

KKR is funding the investment primarily from KKR Real Estate Partners Americas II.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, growth equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors 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 the capital it manages for fund investors 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.

About Parkway
Parkway is a growth oriented, office operator that currently operates approximately 12 million square feet of high-quality office properties located in attractive submarkets in Sacramento, California, Houston, Texas, Jacksonville and Miami, Florida, and North Carolina. Parkway’s mission is to enhance user experience at the properties it operates, add value to its investors, and expand its presence in other sun-belt markets.

About Square Mile
Square Mile Capital Management LLC is an integrated institutional real estate finance and investment management firm based in New York. The firm’s commercial real estate debt platform provides customized capital solutions for real estate assets throughout the United States. Square Mile’s opportunistic platform takes a value-oriented approach to its investment activities, with an emphasis on opportunities to invest in real estate assets or enterprises that are undervalued, complex or under-capitalized.

MEDIA CONTACT:

KKR:
Kristi Huller or Cara Major
212-750-8300
media@kkr.com

Parkway:
A. Noni Holmes-Kidd
Vice President, General Counsel
T:  +1 407 581 3351
nholmes-kidd@pky.com

 

 

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Blackstone Real Estate Partners Asia closes second fund at approximately $7.1B

Blackstone

June 12, 2018 – Blackstone (NYSE:BX) today announced that it has held its final close on its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II (“BREP Asia II”), reaching its hard cap.  Together with commitments from Blackstone and its affiliates, BREP Asia II has approximately $7.1B of capital commitments.

Chris Heady, Blackstone’s Head of Real Estate Asia, said: “We are deeply grateful for the ongoing trust of our limited partners and continue to see exciting opportunities to deploy capital across the region.”

Kathleen McCarthy, Global Co-Head of Blackstone Real Estate, said: “We are eager to build on the success of our first Asia real estate fund and believe we are well-positioned to capitalize on the continued strong growth the region is experiencing.”

Ken Caplan, Global Co-Head of Blackstone Real Estate, added: “The size of this fund – the largest ever dedicated to real estate investing in Asia – gives us flexibility to pursue a range of opportunities and commit capital with speed and scale.”

 

About Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $120 billion in investor capital under management.  Its real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America.  It also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.

 

Contact:

Blackstone
Christine Anderson
+1 212-583-5182
Christine.Anderson@Blackstone.com

 

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EURAZEO Patrimoine Partners with Dazia Capital, a residential project specialist in Madrid ID, Spain

Eurazeo

Paris, May 24, 2018 – Eurazeo Patrimoine, the Eurazeo investment division specializing in real estate asset companies, has signed a partnership with Dazia Capital, a Spanish operator and investor dedicated to the acquisition, renovation and split sale of residential buildings in Madrid and Spain’s other main cities.

The partnership, which consists in a joint venture between Eurazeo Patrimoine and Dazia Capital, named as Dazeo, will cover a three-year equity investment program of €70 million for Eurazeo, involving transactions to be completed in Madrid, Barcelona, Valencia and the Costa del Sol;

An initial and designated acquisition portfolio of €12 million in equity for Dazeo, comprising three buildings in Madrid (Alcala, Santa Engrancia, and Santa Isabela), of which the first, Alcala, has also been signed as of today.

This project will encompass a total of 2,600 m2, including a 23 apartments. Dazia Capital will be responsible for managing the projects on a daily basis, from development to the sale of finished apartments.

The partnership offers an attractive risk-return ratio for Eurazeo Patrimoine, as demand for downtown housing increases in Spain in the midst of an economic recovery. The signature of this joint venture represents an opportunity for Eurazeo Patrimoine to position itself on the Spanish market over the long term and contribute to the country’s residential real estate drive.

Quoting Renaud Haberkorn, Managing Partner of Eurazeo Patrimoine:

“In setting up this joint venture, our goal is to develop a value-added residential investment platform that will strengthen our position on the Spanish market. We are already active in Spain, where we own nine hotels, whose performance underscore the vitality of the recovery, and now we wish to capitalize on the turnaround in residential real estate, where prices have not yet reach their 2008 level. To achieve this, we can rely on the local know-how of our partner Dazia Capital, and a seasoned team of professionals with an impressive track record in project ourcing.”

Daniel Mazin, CEO of Dazia Capital, added:

“By entering into this alliance with Eurazeo, Dazia is accelerating its residential investment program in urban areas and major spanish  tourist centers. Our strategy is based on the significant investment needed to improve existing buildings in major cities or to build new ones and meet the growing demand of the population who wish to return to live in the city centre, held back by the obsolescence of the park. We fully share Eurazeo’s strategic vision and leaning on this prestigious partner and its teams with recognized skills will strongly contribute to the achievement of our objectives.”

About Eurazeo

With a diversified portfolio of approximately €16 billion in assets under management, including €10 billion from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paulo. 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 investment divisions–Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands – and through three Idinvest business divisions:

Venture Capital, Private Debt and Dedicated Portfolio & Funds.

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

 

About Dazia Capital

Dazia Capital is a real estate operator in Madrid.

The business strategy is focused on the residential market in urban centres and the best tourist locations in Spain. The firm closed 2017 with a cumulative investment of 185 million euros. This investment has been carried out through the gradual acquisition, over the last three years, of different buildings and floors covering an area of 86,000 square metres and 500 homes located in Madrid and the Costa del Sol.

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The Carlyle Group Provides Financing to Canadian Homebuilder Empire Communities

Carlyle

New York, NY and Vaughn, Ontario – Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Empire Communities, one of the Canada’s largest homebuilders, today announced that Carlyle’s credit opportunities fund has provided C$225 million in growth capital financing for Empire’s initiatives in Canada and the U.S.

Mat Feldman, a Managing Director on Carlyle’s credit opportunities team, said, “We are pleased to partner with Empire, a vertically integrated and best-in-class development company.  Empire has great assets and a phenomenal track record of creating value.” Alex Popov, Head of Carlyle’s credit opportunities fund, said, “Our core strategy is to invest in the growth of strong companies with committed owners. Empire’s talented management team, led by its three co-founders, has a hands-on style that positions the firm for continued success.”

Empire Co-Founder and CEO Daniel Guizzetti, said, “Carlyle has created a unique financing solution that supports Empire’s growth objectives. We see significant opportunity across Canada and the US, and we are now positioned to capitalize on those opportunities having the financial backing of a premier investment firm like Carlyle.”

Founded in 1993, Empire has built more than 10,000 homes and high-rise condos across Southwestern Ontario and the Greater Toronto Area, with more than 20,000 new homes in the pipeline. Empire is committed to sustainable development and works to positively impact the neighborhoods where they build and the communities they create.

Capital for the investment came from Carlyle’s credit opportunities fund. Carlyle’s opportunistic credit team invests primarily in highly-structured and privately negotiated capital solutions supporting corporate borrowers.

Scotia Capital and RBC Capital Markets acted as a financial advisor to Empire Communities, while Goodmans LLP and Borden Ladner Gervais LLP acted as legal counsel to The Carlyle Group and Empire Communities, respectively.

*  *  *  *  *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 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 1,575 people in 31 offices across six continents. www.carlyle.com

About Empire Communities

Empire builds vibrant low-rise and high-rise communities across Southwestern Ontario, the GTA and Houston, Texas. Founded in 1993, Empire has built over 10,000 new homes and condos, combining innovative energy-saving features with designs that make luxury living more affordable. Today, Empire is one of the largest homebuilders in Canada, with over 100 awards for their communities, customer service and dedication to green building. www.empirecommunities.com

*  *  *  *  *

Contacts:

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

 

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The Carlyle Group acquires prime City of London building from Amsprop to expand its ‘Uncommon’ flexible workspace brand

Carlyle

17 MAY 2018, London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) has acquired The Crosspoint building on Liverpool Street in London from Amsprop in an off-market transaction. This investment adds to the Uncommon flexible office and co-working business that Carlyle and the Adir Group launched in June 2017.  Capital for this investment came from investment funds that Carlyle advises.

The building is to be rebranded ‘Uncommon Liverpool Street’, with an opening expected later this year.  The 41,000 sq ft nine-storey office benefits from 360 degree views over the City skyline including two roof terrace gardens. Adjacent to Liverpool Street station, the site offers excellent access to the London underground, mainline railway services and, from 2019, the new Elizabeth Line Crossrail station.

Liverpool Street will be Uncommon’s fourth and largest flexible workplace facility in London, adding 850 workstations to the existing 1500-desk portfolio, which comprises operational assets in Islington and Borough, as well as a 26,000 sq ft facility in Fulham that is scheduled to open this summer.

Carlyle and the Adir team aim to expand Uncommon further across London, targeting locations with strong transport connections. The product aims to take advantage of changing working patterns and mind-sets, as well as occupiers’ increased requirements for flexible space, with high levels of service and a focus on the connection between employee well-being and productivity.

Uncommon’s workplaces are designed to appeal to established companies, small businesses and start-ups capitalising on the need to expand and contract as the size of their operations change.

Peter Stoll, Managing Director at The Carlyle Group, commented: “Crosspoint is a superb addition to Uncommon which will dramatically raise the profile of the business and improve its London footprint. From a property standpoint it is a brand new grade A office building with flexible floorplates, a lot of natural light, some spectacular common areas and terraces which fit perfectly into the exacting requirements for design that defines Uncommon. The incredible connectivity sits comfortably in the context of growing and changing work-life patterns in London.”

Chris Davies, Director at Adir Group said: “It’s a superb asset that matches our exact requirements and adds another flag on the London map for Uncommon. We will create a unique and creative environment, moments from a major transport hub, for our members to work and enjoy, while we support them in every way. We look forward to adding additional freehold sites to the portfolio over the coming months.”

*****

For further information, please contact:
FTI Consulting – for The Carlyle Group: +44 (0)20 3727 1000
Richard Sunderland / Richard Gotla/Eve Kirmatzis
Carlyle@fticonsulting.com
https://uncommon.co.uk/

Notes to editors

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 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 1,575 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

About Adir Group

The Adir Group is headed by Gal and Tania Adir, and is focused on disrupting the property and lifestyle sectors with creative innovation. Uncommon is the latest venture in Adir’s development as a creator of inventive brands, continuing their commitment to pioneering the most up-to-date advances in technology and design.

The group originally founded an award-winning residential development company over six years ago which has been successfully acquiring and developing residential assets in prime and near prime London since 2011 ranging between high value single dwellings to multiple unit schemes.

Using their expertise in residential redevelopment and interior design, Adir founded co-working brand Net.Works. in 2014 which was rebranded as Uncommon. Since then, they have developed the first site in Highbury and Islington, which has been operating successfully since April 2015.

Web: www.adirgroup.co.uk

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H.I.G. Capital Acquires Parque Ana Costa, a AAA Office Building in Santos, São Paulo, Brazil

RIO DE JANEIRO – May 15, 2018 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $25 billion of equity capital under management, announced today the acquisition of Parque Ana Costa, in Santos, São Paulo, Brazil.

Parque Ana Costa is a AAA office building with 17,997 square meters of space, located in Santos, an important coastal city in São Paulo state, 50 miles from the capital (São Paulo). The building was delivered in 2013 and is positioned in Ana Costa Avenue, the main business district in Santos.

Fernando Marques Oliveira, Head of H.I.G. Brazil and Latin America said, “We are very excited to complete this off-market transaction. It reflects our belief that the real estate sector in Brazil is set for a meaningful recovery. As such, H.I.G. is looking forward to committing a significant amount of capital to the sector, building on H.I.G.’s extensive local presence and relationships.”

Daniel Nader, Head of H.I.G. Realty in Brazil added, “It was a good opportunity to acquire a very well built and centrally located asset in Santos’ most desirable business district. The building has performed well in recent years and is the location of choice for foreign multinationals in Santos. Additionally, the Port of Santos is likely to benefit greatly from an economic recovery of Brazil and even more so from a recovery of the Oil & Gas industry.”

Financial terms were not disclosed.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $25 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, Rio de Janeiro, São Paulo, Bogotá and Mexico City, 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 $30 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.

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EQT Real Estate acquires mixed-use property in central Stockholm

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eqt

  • EQT Real Estate acquires 9,100 sqm mixed-use property in Stockholm for approximately SEK 345 million (EUR 33 million) before adjustment for latent capital gain taxes
  • Asset offers attractive value-add opportunities through partnerships with existing tenants as well as the potential for future upgrades
  • The investment represents EQT Real Estate’s seventh to date and second in Sweden

The EQT Real Estate I fund (“EQT Real Estate”) continues to invest in established European office markets and today announces the acquisition of the estate Hönsfodret 1, a mixed-use asset comprising both a school and office space, located at Tullgårdsgatan 12 on the island of Södermalm in central Stockholm. The seller is an affiliate of the Swedish insurance company Folksam.

The asset is located within close proximity to key Metro lines and the area has benefitted from strong investment in recent years. Built in 1981, the asset comprises of 9,100 sqm of office and education space and 34 garage parking spaces.

Henrik Orrbeck, Director at EQT Partners and Investment Advisor to EQT Real Estate I, commented: “Hönsfodret 1 presents a rare opportunity to upgrade an existing office building into an attractive inner Stockholm location. This acquisition further underpins EQT Real Estate’s ambition to deliver grade A assets fit for modern occupiers demanding flexible and creative solutions”.

Robert Rackind, Partner and Head of Real Estate at EQT Partners, Investment Advisor to EQT Real Estate I, added: “The Hönsfodret 1 investment represents what EQT Real Estate is all about – identifying underinvested assets in gateway cities in Western Europe with several value-add angles. EQT Real Estate sees many opportunities in this region and will continue to explore the sustained global demand and local needs that exist in these markets”.

EQT Real Estate I was advised on the acquisition by Linklaters, AF Consulting, Concila, Archus and Beadmans.

Contacts
Henrik Orrbeck, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +46 8 506 553 27
Robert Rackind, Partner and Head of Real Estate at EQT Partners, Investment Advisor to EQT Real Estate I, +44 207 430 5550
EQT Press Office +46 8 506 553 34

About EQT
EQT is a leading alternative investments firm with approximately EUR 50 billion in raised capital across 27 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/

 

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