NEW YORK – April 15, 2025 — Smith Hill Capital, the fully integrated commercial real estate debt investment management business of Procaccianti Companies, and Bain Capital today announced the firms’ joint venture completed a $235 million refinancing for the iconic Gurney’s Montauk Resort & Seawater Spa in Montauk, New York for BLDG Management Co., Inc., and Metrovest Equities.

The 158-key property is a celebrated oceanfront resort located on a 2,000-foot private beach in Montauk, divided between 109 guestrooms, 35 suites, eight beachfront cottages, and six residences, and features five dining venues, a 30,000 square foot onsite spa with four spa pools, full-size indoor saltwater pool, 20 treatment rooms, a salon and state of the art fitness center, and 25,000 square feet of meeting space.

“Gurney’s Montauk represents the type of irreplaceable, generational asset that aligns perfectly with our investment strategy—anchored by strong market fundamentals, exceptional sponsorship, and long-term value creation,” said Brendan McCormick, Managing Principal, Smith Hill Capital. “Even in today’s uncertain capital markets, we continue actively deploying capital for high-conviction opportunities like this. We’re proud to partner with Bain Capital and support BLDG and Metrovest in the continued evolution of this iconic resort, which is uniquely positioned as a luxury destination in one of the most sought-after leisure markets in the country.”

“The Gurney’s Montauk loan exemplifies our strategic approach to commercial real estate lending,” said David DesPrez, a Partner at Bain Capital. “This transaction underscores our commitment to providing flexible financing solutions to high-quality borrowers and assets through an uncertain macroeconomic environment.”

“Gurney’s Montauk is an exceptional and iconic property in a one-of-a-kind location with world-class amenities,” said Justin Kleinman, Executive Vice President and Chief Operating Officer at BLDG Management. “This property is a premier resort destination in the Northeast and is an elite asset in our portfolio.”

“Smith Hill Capital and Bain Capital proved to be outstanding lending partners on the Gurney’s project,” said Christopher Peck, Senior Managing Director and Co-Head of the New York Office, JLL. “The team’s expertise and collaborative approach were invaluable in financing this unique asset. They immediately recognized the exceptional value of this 20-acre resort in Montauk, and their flexible lending solutions perfectly aligned with the sponsors’ requirements.”

Smith Hill and Bain Capital’s joint venture focuses on serving the financing needs of hospitality companies and assets in demand-driven markets across the U.S. The partnership combines decades of industry and capital markets experience with a highly attractive market opportunity.

JLL represented the sponsors in the transaction.

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About Smith Hill Capital
Smith Hill Capital (“Smith Hill” or “SHC”) is the fully integrated commercial real estate debt investment management business of the Procaccianti Companies (est. 1958). Smith Hill Capital was formed to invest in compelling commercial real estate debt opportunities that exist due to liquidity challenges and dislocation in commercial real estate financial markets. Smith Hill Capital is led by seasoned investment professionals who have multi-cycle investment experience and the tenured skill set to identify opportunities throughout the entire commercial real estate capital structure, spanning from securities to equity ownership. For more information, please visit www.smithhillcapital.com.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.Baincapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About BLDG Management
BLDG Management Co., Inc., is a privately held New York City-based real estate investment and development company with a national portfolio of more than 300 assets across all sectors, including residential, retail, industrial, hospitality and office.

About Metrovest Equities
Metrovest Equities is a New York City-based real estate firm specializing in the acquisition, development, rehabilitation and management of real estate assets. Established in 1996, the firm focuses on residential, office, retail, and hospitality opportunities in prime locations across the northeastern region of the U.S. The firm manages resorts and hotels across the United States. With a focus on long-term growth and value creation, Metrovest Equities strives to provide quality real estate opportunities for investors seeking stable returns.

Media Contacts

New York & Dallas – April 10, 2025 – Blackstone (NYSE: BX) and Crow Holdings, a leading real estate investment and development firm, today announced that Core+ funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5 percent ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is predominantly located in high-barrier submarkets in Dallas and Houston, two of the top-performing U.S. logistics markets.

David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate, said: “This transaction is another example of Blackstone Real Estate deploying capital during this period of market volatility. We are thrilled to acquire this high-quality portfolio located in some of the best performing U.S. industrial markets. With limited vacancy and new construction starts down over 80% from the 2022 peak, logistics remains a high conviction theme for us; we are proud owners of more than $90 billion of warehouses in North America and nearly $170 billion in total around the world.”

Michael Levy, Chief Executive Officer at Crow Holdings, said: “We are excited about the opportunity to partner with Blackstone in this investment portfolio. Our company was founded by Trammell Crow when he built his first warehouse in Dallas in 1948 – a building that we still own today. We are extremely proud of our team for developing such a high-quality portfolio that attracted Blackstone, a global leader in the logistics industry, and we look forward to the partnership’s possibilities.”

The transaction is expected to close in the second quarter of 2025.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

About Crow Holdings
Crow Holdings is a privately held real estate firm founded in 1948 based in Dallas, Texas. The company’s business activities include a leading real estate development and investment platform, an expanding traditional and renewable energy business, and broader private equity investment capabilities. With 18 offices across the U.S., Crow Holdings’ local, on-the-ground presence amplifies its hands-on capabilities across a broad range of investment strategies and ventures in partnership with leading institutional and individual investors. The firm manages $33 billion in assets and investments across a diversified business and investment portfolio rooted in its founding principles of partnership, collaboration, and alignment of interests. For more information, please visit: www.crowholdings.com.

Contacts

Adam McGill
amcgill@crowholdings.com

Ruby Wald
Ruby.Wald@blackstone.com

This Marks the JV’s Third Transaction to Meet the Growing Tenant Demand for Life Sciences and R&D Real Estate in Japan

Tokyo, April 3, 2025 – Warburg Pincus, the pioneer of private equity global growth investing, and Eastgate Group, one of Japan’s largest privately owned real estate investment managers, today announced the acquisition of Shinagawa Seaside West Tower by their joint venture (“JV”) and the unveiling of the GRC brand for the JV’s properties. This acquisition represents the third transaction under the venture since its inception in 2023, expanding the portfolio to include high-quality innovation and R&D assets in both Yokohama and Tokyo.

In 2023, Warburg Pincus, through the Warburg Pincus Asia Real Estate Fund (“WPARE”), and Eastgate Group, through Eastgate Capital Management, established the JV to leverage their combined expertise to address the significant undersupply of specialist real estate for lease to tenants in the life sciences, hi-tech, and manufacturing industries across Japan’s key cities. With the Shinagawa Seaside acquisition, the joint venture now manages over 1 million square feet of gross floor area and has over US$300 million of assets under management.

Operated under the GRC brand, the venture’s assets are strategically located in major innovation and R&D hubs, catering to a diversified tenant base across a wide range of industries seeking to attract and retain high-skilled talent. From designing and delivering bespoke spaces to managing specialized properties, GRC is committed to delivering state-of-the-art infrastructure, including a wide range of spaces with modular unit sizes and both dry and wet labs, to meet the evolving needs for high-quality, high-specification space of both international and domestic tenants.

In November 2023, the venture acquired its first asset, GRC Yokohama Bay Research Park, a 17-storey mixed-use commercial building spanning over 540,000 square feet of gross floor area. The property currently houses a large number of tenants from specialist industries, such as engineering, technology, government research, and manufacturing, offering base specifications suitable for both wet and dry lab use. Building on the success of Yokohama Bay Research Park, the venture acquired the soon-to-be-renamed GRC Yokohama Science Cube in December 2024. This 78,000 square feet facility, located adjacent to Center Kita Station in Yokohama, is set to be transformed into a cutting-edge R&D and medical facility. The latest acquired asset, Shinagawa Seaside West Tower, is an 18-storey commercial building in Tokyo’s Shinagawa district. It offers over 410,000 square feet of gross floor area with superior structural specifications, capable of accommodating both dry and wet labs up to biosafety level 2.

Aligned with the venture’s strategy, GRC properties aim to deliver the consistent quality and service demanded by tenants operating critical on-site functions. Key features include customized spaces, dedicated mechanical and engineering riser spaces for ventilation, requisite water, gas and power provisions, heavy-duty floor loading and goods elevators, and specialist building operations to accommodate the daily needs of tenants.

Takashi Murata, Managing Director, Co-Head of Asia Real Estate and Head of Japan at Warburg Pincus, said, “We have built a high conviction in Japan’s life sciences and R&D real estate sector, which is underpinned by several secular trends including a rapidly aging population, strong growth in the healthcare market, and a significant shortage of R&D and lab space for lease. Both Warburg Pincus and Eastgate are early movers in the life sciences and R&D space with over 20 years of combined experience in investing in and managing such assets. By leveraging Warburg Pincus’ deep platform-building experience and operational expertise and Eastgate’s strong track record and local resources, we believe that GRC is well-positioned to meet the evolving needs for high-quality, specialized life sciences and R&D facilities in Japan among a diversified group of tenant base.”

Shozo Sekine, Founder and CEO of Eastgate Group, said, “As one of the first movers in this space, having managed R&D assets for more than 15 years, we have observed first-hand the critical undersupply of high-quality, well-managed R&D facilities and the resulting rental premium they command. We are excited to partner with Warburg Pincus to establish this joint venture in Japan, leveraging Eastgate’s extensive operational expertise, strong track record in the sector and deep local knowledge with Warburg Pincus’ proven experience, global resources and established track record in scaling real estate platforms in Asia. We look forward to capitalizing on our combined strengths to support GRC’s continued growth and deliver long-term value to our tenants and investors.”

To learn more about GRC, please visit www.grcproperties.com

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About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with over US$9 billion invested in more than 50 real estate platforms and ventures. The firm is a pioneer of platform investing and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs such as ESR, DNE, Vincom Retail, BW Industrial, Princeton Digital Group, Weave Living, Vita Partners and StorHub.

About Eastgate Group

Eastgate Group is one of Japan’s largest privately owned real estate investment managers, with over JPY700 billion in assets under management. Headquartered in Tokyo, Eastgate employs over 70 professionals based in Japan and Singapore, and operates across all major cities and real estate sectors in Japan. Eastgate also manages assets on behalf of, and invests, alongside Japanese investors, in key global cities including Sydney, Brisbane, Los Angeles, and London. For more information, please visit www.eastgate-group.com

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

Eastgate Group

Christopher Chiang

Chief Executive Officer, Eastgate Capital Management

cchiang@eg-cap.com

LONDON – March 27, 2025 – Bain Capital, a leading global private investment firm, today announced it will invest €150 million into Företagsparken, a leading Swedish light industrial property company. The investment will enable the company to acquire new assets and expand its existing portfolio. As part of the transaction, Bain Capital has acquired 15.9 percent of the existing shares. Företagsparken owns and manages a diverse portfolio of more than 200 properties, focusing on light industrial and last-mile logistics situated in urban locations across Sweden. Företagsparken tenants base is highly diversified and typically consists of small and medium sized enterprises.

Ali Haroon, a Partner at Bain Capital and Head of Special Situations and Real Estate in Europe, added: “Our partnership with Företagsparken is an example of Bain Capital’s contribution to the growth of the European real estate landscape. In this instance, we are providing growth capital to Företagsparken to scale its operations and seize new opportunities in the market. While the senior management team has successfully grown the company’s assets in the last years, our investment is a testament to our confidence in both the team and the promising dynamics of the Swedish industrial real estate market.”

Rafael Coste Campos, a Partner at Bain Capital, commented: “Our collaboration with Företagsparken will focus on developing a leading light industrial and logistics player in Sweden. Demand for light industrial real estate in Sweden has been resilient, resulting in low vacancy rates and strong rental growth, trends we expect to continue in the following years. We believe this is the right platform and a strong management team to back. While the buildings in Företagsparken’s portfolio already meet stringent energy efficiency requirements, our investment will also focus on enhancing these initiatives.”

Leif Östling, Advisor and Shareholder of Företagsparken, said: “This is a positive development for Företagsparken. Bain Capital will provide excellent support in expanding the company in Sweden. There will be great business opportunities in supporting small and medium-sized industrial companies with real estate for their operations.”

Angeelica Holm, CEO of Företagsparken, said: “We have experienced strong organic growth within our existing portfolio and are now aiming to become a leader within the light industrial segment. With the right expertise and resources, we are well-positioned for success. Together with Bain Capital, we look forward to accelerating our growth journey through M&A opportunities and new acquisitions.”

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About Bain Capital:
Bain Capital is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management. for more information, visit www.baincapital.com.

About Företagsparken:
Företagsparken is a growth-oriented property company that acquires, develops and manages high-yielding properties and land within the light industrial, last mile logistics segments in urban business parks.

Media Contacts

London, March 5, 2025 – Sixth Street, a leading global investment firm, and Copley Point Capital Limited (“Copley Point”), an owner and operator of UK industrial property, today announced that their previously announced joint venture has acquired a portfolio of three logistics assets from National Farmers Union Mutual Insurance Society totalling 0.9 million square feet located in prime logistics hubs. Two of the assets totalling 0.5 million square feet are leased to Fowler Welch and Great Bear, and are located within Magna Park, Lutterworth, one of the UK’s premier distribution parks located in the Golden Triangle. The third asset is leased to Amazon and located in Doncaster.

The acquisition brings the joint venture’s portfolio to six assets across 2.5 million square feet – each acquired since its formation in November 2024 – and continues its strategy focused on acquiring high-quality, mission-critical industrial real estate in strong logistics markets across the UK.

Guillaume Savoie-Coulonval, Managing Director at Copley Point, commented, “We are delighted to expand our partnership with Sixth Street and add to our high-quality portfolio. These three distribution warehouses exemplify the type of investments we are targeting across the UK. We remain acquisitive and continue to offer a reliable solution to sellers in the current market environment.”

BSBRE advised the seller on the transaction.

About Sixth Street

Sixth Street is a global investment firm with over $100 billion in assets under management and committed capital.^* The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 650 team members including over 280 investment professionals around the world.¹ For more information, visit www.sixthstreet.com or follow Sixth Street on LinkedIn.

About Copley Point

Founded in 2019, Copley Point is a specialised principal investor and asset manager of UK real estate and related real assets. It manages more than £700 million of assets through a series of joint ventures and platforms where it is invested alongside institutional investors. The firm’s UK industrial property platform, Block Industrial, is specialised in mid and large box deals. Since the inception of the platform in 2020 it has also partnered with Brookfield. Copley Point is also a significant investor in the energy transition of UK property through its large shareholding in heat electrification specialist, Rendesco. More information is available at www.copleypoint.com.

Media Contacts

¹Total Sixth Street employees as of 09/30/2024

MCLEAN, VA / ACCESS Newswire / March 11, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone Investment”) announced today the sale of its portfolio company Nocturne Luxury Villas, Inc. (“Nocturne” or the “Company”) to an affiliate of Calera Capital. As a result of this transaction, Gladstone Investment received full repayment of its debt investment and realized a significant capital gain on its equity investment. Gladstone Investment formed Nocturne in partnership with Aureus Capital, LLC (“Aureus”) in 2021.

Nocturne was formed as a platform to acquire and integrate luxury vacation rental management companies. The Company currently has operations in St. Barth’s; Grand Cayman; Telluride, Colorado; Cabo San Lucas, Mexico; Santa Barbara, California; and Florida’s Emerald Coast.

“Gladstone Investment has enjoyed a strong partnership with Aureus and Nocturne’s management team over the last several years. We are proud to have supported the business across seven separate acquisitions which saw the business transform dramatically,” said Erika Highland, Senior Managing Director of Gladstone Investment. “The entire Nocturne management team has achieved outstanding results in growing the business and we wish them continued success as they further expand.”

“With the sale of Nocturne and from inception in 2005, Gladstone Investment has exited over 30 of its management supported buy-outs, generating significant net realized gains on these investments,” said David Dullum, President of Gladstone Investment. “Our successful exit from Nocturne further validates our strategy as a buyout fund, which relies on generating strong current income during the investment period from our debt investments alongside equity investment that allow for meaningful capital gains at exit, both of which support our ultimate goal of delivering value to shareholders through stock appreciation and dividend growth.”

Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of Gladstone Investment, Nocturne and its management team, and the ability of Gladstone Investment and Nocturne to grow and expand are “forward-looking statements.” These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment’s current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment’s filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

For further information: Gladstone Investment Corporation, (703) 287-5893

SOURCE: Gladstone Investment Corporation

View the original press release on ACCESS Newswire

Released March 11, 2025

• The partnership is well-positioned to meet the evolving needs of South Korea’s aging population through innovative and high-quality senior housing developments.

• Leveraging Warburg Pincus’ global resources and deep experience in the living sector, as well as SK D&D’s strong local presence and expertise in development and operations, the partnership is poised to capture the opportunities in the emerging senior housing sector in South Korea.

• This marks Warburg Pincus’ first investment in the living sector in South Korea. 

Seoul, March 10, 2025 – Warburg Pincus, the pioneer of private equity global growth investing, SK D&D, one of South Korea’s largest multifamily operators and developers, and D&D Investment, the subsidiary asset management arm of SK D&D, today announced that they have signed a joint agreement to invest in the senior housing market in South Korea. This partnership will focus on acquiring and developing senior housing for the senior population in the Greater Seoul Area.

The venture is seeded with three high-quality, strategically located assets in Seoul’s most amenitized districts, catering to the rapidly growing elderly population. The first project, situated in Bangbae-dong, Seocho-gu, within Seoul’s core Gangnam residential district, will be developed into a 12-story high-end assisted living facility spanning over 10,000 square meters. Construction is scheduled to begin in early 2026, with completion targeted for 2028. The other two assets are already in operation, providing well-established infrastructure with convenient access to nearby hospitals and amenities.

The partnership with SK D&D and D&D Investment marks the third venture in South Korea through Warburg Pincus Asia Real Estate Fund, following the partnership with Wide Creek Asset Management to focus on new economy real estate; and QUBE, its joint venture with MQ logistics to focus on modern logistics warehouses.

Takashi Murata, Managing Director, Co-Head of Asia Real Estate and Head of Japan at Warburg Pincus, said, “We have built a high conviction that the senior housing market in South Korea presents tremendous opportunities, fueled by the shifting demographics and a growing aging population. In 2024, South Korea has officially become a super-aged society, with individuals aged 65+ representing 20% of the population, amid a significant shortage in both the quantity and quality of senior housing options. Meanwhile, the South Korean government has proactively introduced supportive policies and measures to bolster the senior housing market in recent years, providing a significant tailwind to this nascent industry. We are pleased to partner with SK D&D and D&D Investment to foray into the senior housing market in South Korea and look forward to leveraging our respective expertise and resources to capture the opportunities.”

Kim Do-hyun, CEO of SK D&D, said, “We’re excited to embark on this journey with Warburg Pincus to capitalize on the growing demand for high-quality senior housing facilities in South Korea. Leveraging our strong local presence and expertise in development and operations, as well as Warburg Pincus’ deep platform-building experience and operational expertise in the living sector, we believe the strategic partnership is poised to create leading players in this emerging sector by addressing the evolving needs of the aging population through innovative and high-quality senior housing developments.”

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with over US$9 billion invested in more than 50 real estate platforms and ventures. As a leading investor in the for-rent living sector in Asia, Warburg Pincus has partnered with best-in-class local operators, building significant depth in this sector. Upon completion, its managed portfolio will encompass over 140,000 rooms across multiple platforms and ventures.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with over US$9 billion invested in more than 50 real estate platforms and ventures. The firm is a pioneer of platform investing and has co-founded or sponsored some leading platforms alongside best-in-class entrepreneurs such as ESR, DNE, Vincom Retail, BW Industrial, Princeton Digital Group, Weave Living, and StorHub.

About SK D&D

SK D&D is a comprehensive real estate developer engaged in commercial and residential projects, asset management, and investments in South Korea. SK Discovery and Han & Company participate in joint management. Its subsidiary, D&D Investment (DDI), is a wholly owned asset management firm specializing in real estate investment, while D&D Property Solutions (DDPS) focuses on property management and operations.

About D&D Investment

D&D investment is an asset management subsidiary of SK D&D, established in January 2018. Since its inception, the company has experienced rapid growth and currently manages real estate development projects and assets totaling approximately KRW 4 trillion. Leveraging synergies with SK D&D, DDI has strengthened its market competitiveness, focusing on development REITs. Additionally, to expand its investor and strategic spectrum, the company listed D&D Platform REITs in August 2021, further extending its presence into the public market.

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

Back To News

Tikehau Capital, the global alternative asset management group, together with residential real estate company Forte, have acquired two residential properties in Cologne and the greater Cologne area. The two properties offer approximately 25,000 square metres of rental space and around 300 residential units.

The properties are located in attractive, central areas with good transport connections and high demand for affordable housing. Tikehau Capital and Forte plan to sustainably modernise the two properties and improve their energy efficiency. This should meet advanced sustainability standards and increase the long-term value of the properties.

The investment is being made through Tikehau Capital’s pan-European value-add real estate strategy and marks the second transaction of the second vintage of the strategy in Germany. The investment vehicle is an Article 9 fund under the EU Disclosure Regulation that invests specifically in sustainable projects and anchors ESG criteria as an integral part of its strategy. The joint venture plans to invest in further residential properties in A and B cities in the coming years to meet the growing demand for sustainable residential real estate.

“This acquisition is an important milestone for our German real estate business and underscores our commitment to long-term urban development. The project is part of our panEuropean value-add real estate strategy, through which we sustainably develop buildings and living space. With Forte, we have a competent partner by our side who has a strong track record in developing existing properties,” said Steffen Meinshausen, Head of Real Estate Germany at Tikehau Capital.

Nico Meibert at Forte added: “We are very pleased to develop the properties through targeted modernisation measures and orient them towards the future in our first joint-venture deal with Tikehau Capital. This addresses the growing need for affordable housing and contributes to urban development.” Tikehau Capital and Forte were legally advised by Goodwin and Baker Tilly, respectively, during the transaction. Colliers International advised both companies on the commercial due diligence, while Cushman Wakefield provided technical and ESG advice. The seller was legally advised by Heuking, and Lübke Kelber brokered the transaction.

PRESS CONTACTS:

Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30

UK – Prosek Partners: Philip Walters – +44 (0)7773331589

USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238 press@tikehaucapital.com

SHAREHOLDER AND INVESTOR CONTACTS:

Louis Igonet – +33 1 40 06 11 11

Théodora Xu – +33 1 40 06 18 56

Julie Tomasi – +33 1 40 06 58 44 shareholders@tikehaucapital.com

ABOUT TIKEHAU CAPITAL

Tikehau Capital is a global alternative asset management Group with €49.6 billion of assets under management (at 31 December 2024). Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.2 billion of shareholders’ equity at 31 December 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 747 employees (at 31 December 2024) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

ABOUT FORTE

Forte is a residential property company operating throughout Germany. In close cooperation with its strategic partners, the company owns around 9,000 residential units in major cities such as Berlin, Frankfurt, Cologne and Leipzig. Sustainable and responsible growth is at the core of its business. This includes, in particular, the renovation of existing buildings to optimise their energy efficiency. With 95 highly qualified employees at four locations, Forte has been making a significant contribution to increasing the value of affordable housing for over 15 years. 2 PRESS RELEASE  FRANKFURT, 5 March 2025

DISCLAIMER

The strategy mentioned in this press release is reserved for professional investors and is managed by Tikehau Investment Management SAS, a portfolio management company approved by the AMF since 19/01/ 2007 under the number GP-07000006. Non-contractual document intended exclusively for journalists and media professionals. The information is provided for the sole purpose of enabling them to have an overview of the transactions, whatever the use they make of it, which is exclusively a matter of their editorial independence, for which Tikehau Capital declines all responsibility. This document does not constitute an offer to sell securities or investment advisory services. This document contains only general information and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates, projections and opinions of Tikehau Capital and/or its affiliates. Owing to various risks and uncertainties actual results may differ materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. Tikehau Capital accepts no liability, direct or indirect, arising from the information contained in this document. Tikehau Capital shall not be liable for any decision taken on the basis of any information contained in this document. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.