Tag Archives: Real estate

Ceetrus Sells a Portfolio of 9 Commercial Assets in France to Carlyle and Othrys Asset Management

Carlyle

Paris – Global investment firm The Carlyle Group (NASDAQ: CG) and Othrys Asset Management today announced they have finalised the joint acquisition of the Canyon portfolio from Ceetrus.   Equity for the investment came from Carlyle Europe Realty (CER), a fund which makes investments in real estate and real estate related assets and companies.

The portfolio, mainly composed of shopping malls or co-owned lots adjacent to Auchan hypermarkets, includes malls at Nancy Laxou, Châtellerault, Domérat, Mers-les-Bains and the Dieppe retail park. 

With this transaction, Carlyle continues to strengthen its presence in France and this acquisition represents a new strategy focused in particular on the acquisition and active management of local shopping malls, focusing on a range of convenience services and products.

Carlyle was advised by DLA Piper, Wargny Katz and Darrois Villey Maillot Brochier. 

* * * * *

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with $216 billion of assets under management across 343 investment vehicles as of December 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 1,650 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 Carlyle Europe Realty
Carlyle Europe Realty (CER) is focuses on investments in a thematic and targeted way in real estate and real estate related assets and companies primarily in the United Kingdom, France and Germany, as well as Belgium, Denmark, Finland, Ireland, Italy, Luxembourg, Norway, Portugal, Spain, Sweden and the Netherlands pursuing an opportunistic investment and management strategy. The CER investment team is led by European real estate veteran Peter Stoll and a senior team that averages over 17 years of European principal investing experience. The CER investment team has an on-the-ground presence in key locations in the United Kingdom, France and Germany and a pan-European investment team based in London, as well as benefitting from the global resources of Carlyle.

About Ceetrus
Established in 1976, Ceetrus is a global real-estate actor known as Immochan until June 2018.  Ceetrus operates a transformation since 2016 to become a global real-estate development company. With 295 shopping centres worldwide and thanks to strong partnerships within citizens and territories, Ceetrus builds animating places integrating commerce, housing, offices and urban infrastructures. By creating sustainable, smart and lively places, Ceetrus’ statement is to build or enhance a real human link between people to make tomorrow’s city. Its fields of expertise are from development, promotion, investment, site administration to innovation.

Key figures :  10 countries, 295 shopping centres, 10 700 trade partnerships, 39 000m² of housing & 89 000 m² of office in 2018, 900 employees.

*****

Media Contacts

Steele &Holt for The Carlyle Group 
Daphné Claude & Dominic Riding
Email : carlyle@steeleandholt.com 
Téléphone : +33 (0)6 66 58 58 81 92 / +33 (0)6 57 48 83 24

# # #

Categories: News

Tags:

H.I.G. Capital Closes H.I.G. Europe Real Estate Fund Well Above Target

H.I.G. Europe

LONDON – February 19, 2019 – H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with over $30 billion of equity capital under management, is pleased to announce the closing of H.I.G. Europe Realty Partners II (the “Fund”). The Fund closed with aggregate capital commitments of €673 million* ($760 million), well above its target. The Fund will principally make value-add investments in the small and mid-cap real estate sector in Europe.

Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are delighted with the success of H.I.G. Europe Realty Partners II. The Fund will continue to build on our local, on the ground pan-European presence and is already 16% committed. We continue to find compelling opportunities to invest in the region.”

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners, commented: “This closing validates H.I.G. Europe Realty’s differentiated strategy. The Fund will invest in Europe across the capital structure and asset classes with a particular focus on its target market of small and mid-cap real estate opportunities. It will utilize H.I.G.’s hands-on, value-added and operationally focused approach to generate substantial asset appreciation.”

Added Jordan Peer, Head of H.I.G. Capital Formation, “The Fund was supported by a premier group of real estate institutional investors across the U.K., Germany, Nordics, Switzerland, Spain and Italy, as well as from international investors across the U.S., Asia and Middle East. We are grateful for these long-standing partners for their commitment to multiple H.I.G. real estate strategies, globally. Our Limited Partners consist of consultants, sovereign wealth funds, endowments, foundations, insurance and financial institutions and public and private pensions.”

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $30 billion of equity capital under management.** Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris, and U.S and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Stamford, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in growth investments, 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.

* Includes commitments from the Fund’s general partner and related parties, as well as a funded co-investment.
** Based on total capital commitments managed by H.I.G. Capital and affiliates.

 

Categories: News

Tags:

InfraRed NF closes US$92.2m mezzanine financing deal

InfraRed Capital Partners

InfraRed NF, the leading Greater China real estate investment manager, is pleased to announce the closing of a US$92.2m financing investment with Fullsun International Holdings Group (“Fullsun International”), a Hong Kong listed property developer. The loan will be used by Fullsun International to fund further construction and the acquisition of projects from smaller developers to support the further growth of the company.

The loan is secured on a portfolio of two ring-fenced partially completed residential development projects in Changsha, with additional credit enhancement provided from a mature office asset in Hong Kong. Changsha is the provincial capital of Hunan, which has a population of around 70 million people, and is a major logistics hub for inner China. The estimated gross portfolio value of the ring-fenced collateral is more than US$380m.

Fullsun International is the offshore listed vehicle of a large mainland Chinese developer, Fusheng Group whose sales achieved approximately US$9bn in 2018 according to third party database Soufun. The loan was structured with the additional benefit of recourse to the Hong Kong listed parent company.

InfraRed NF, co-invested with Firewave Management Limited, an indirect wholly-owned subsidiary of Metro Holdings Limited, a Singapore listed company.

InfraRed NF was able to execute the transaction in under two months due to its expertise and reputation in mezzanine financing. To date, InfraRed NF has completed 10 mezzanine investments, seven of which have been repaid, that committed over US$650m of capital to mezzanine transactions in China. This new loan forms part of InfraRed NF’s investment strategy to focus its lending activity on projects in regional hubs, benefiting from infrastructure investment, with strong economic fundamentals and sizeable population bases.

Grant Chien, Head of Special Situations Financing at InfraRed NF Investment Advisers, commented:

“Our track record of working with our portfolio companies on-the-ground combined with our operational know-how gave us the insight and ability to close the deal in under two months. Focusing on positive, long-term trends enables the team to look beyond short-term residential sector cyclicality and recent capital market volatility. Fullsun International has a strong acquisition pipeline of distressed opportunities and we look forward to continue working with them across Tier One and select Tier Two cities.”

Stuart Jackson, CEO of InfraRed NF Investment Advisers, added:

“A window of opportunity has arisen for InfraRed NF from the well-publicised contraction of available credit within China. China’s deleveraging is creating an attractive investment environment for us resulting in a healthy pipeline of mezzanine and value-add deals.”

Enquiries

Tulchan Communications
+65 6222 6375
InfraRedNF@tulchangroup.com
Giles Kernick

 

More Information

About InfraRed NF

InfraRed NF is a Hong Kong-based joint venture between InfraRed Capital Partners and Vervain. Established in 2007, InfraRed NF is a leading investor in the Greater China real estate market with a proven track record of delivering superior returns through a combination of mezzanine financing and value-add investing.

InfraRed Capital Partners is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney and has launched 17 funds including two listed on the London Stock Exchange. With over 130 professionals, it manages in excess of US$10bn of equity in multiple private and listed funds, primarily for institutional investors across the globe.

Vervain (which includes entities operating under the former name of “Nan Fung China”) is a Hong Kong-based private group of companies established in 2004. Vervain has a diversified real estate business, including property investment, property development, project management, real estate private equity investment as well as other financial and mezzanine financing investment. Vervain’s property portfolio comprises high quality residential, commercial, industrial, serviced apartments and hotel properties in Hong Kong, London, New York, Seoul, Tokyo and Vietnam.

Categories: News

Tags:

CapMan Real Estate leases 5,000 sqm in Gärdet to Swedish Defence Recruitment AgencyCapMan Real Estate leases 5,000 sqm in Gärdet to Swedish Defence Recruitment Agency

CapMan Real Estate press release         7 February 2019 at 8.00 a.m. CET

CapMan Real Estate leases 5,000 sqm in Gärdet to Swedish Defence Recruitment Agency

Government entity Swedish Defence Recruitment Agency has signed a lease with CapMan for approx. 5,000 sqm in the property Lybeck 2 in Gärdet, Stockholm. CapMan Nordic Real Estate II Fund acquired Lybeck in December 2017 and has since actively worked with the management of the property.

“It is very exciting that the Swedish Defence Recruitment Agency has decided to relocate to Lybeck and it fits in well with our strategy to improve the quality of the existing office building,” says Anna Reuterskiöld, Investment Director at CapMan Real Estate.

“We are looking forward to moving into new premises which will be well suited for our operations. To have all of our premises in one coherent floor is very positive for both our employees and for everyone who visits us in order to try out for different educations and positions,” says Annika Fahlvik, head of the operational support at the Swedish Defence Recruitment Agency.

For more information please contact:
Anna Reuterskiöld, Investment Director, CapMan Real Estate, tel. +46 731 54 22 31

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 30 years. CapMan employs today approximately 120 private equity professionals and has approximately €3 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Buyout, Growth, Real Estate, Infra, Credit and Russia. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services. www.capman.com

Categories: News

Tags:

EQT Real Estate, Metropolitan Real Estate and STAM Europe pre-let Paris asset to Adobe for French HQ

eqt

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

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

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

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

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

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

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

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

More info: www.eqtpartners.com

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

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

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

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

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

Categories: News

Tags:

Blackstone to Acquire Aadhar, India’s Largest Independent Affordable Housing Finance Company

Blackstone

Mumbai, February 3, 2019 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire the entire stake in Aadhar Housing Finance Limited (“Aadhar”) held by the existing controlling shareholders.  As part of the transaction, Blackstone will simultaneously infuse INR 8,000 million primary equity capital into Aadhar to fund the company for future growth.

Aadhar is India’s largest independent affordable housing finance company with a network of 316 branches across 19 states and an AUM of approximately INR 100 billion (~USD 1.4 billion) which comprises 100% secured lending to retail customers with an average loan ticket size of less than INR 1 million.

Mr. Amit Dixit, Head of India Private Equity and Senior Managing Director at Blackstone, said: “Aadhar has the strongest origination capability in the sector with 316 branches. Our primary capital infusion of INR 8,000 million will double the company’s Net Worth and reduce its Debt to Equity ratio by roughly half. We expect the rating agencies and company’s lenders to welcome the ownership transition to a long term, well capitalized and patient investor in Blackstone.  We are proud to support the Government’s ‘Housing for All’ mission and provide capital and much needed confidence to the HFC/NBFC sector. Finally, we want to thank the current owners for building a great company with a strong management team and robust credit underwriting process. We plan to take the baton forward, back the management team, and fulfill their ambition of becoming the #1 company in the sector on all dimensions.”

Mr. Deo Shankar Tripathi, Managing Director and CEO at Aadhar, said: “The entire management team is excited to partner with Blackstone, the world’s largest alternative asset manager with AUM of USD 472 billion. Blackstone’s ownership and the upfront capital infusion will be perceived very positively by all stakeholders of the Company. This investment is a testament to the dedication of our outstanding employees who have built this Company. We look forward to take the Company further on its vision and growth plans.”

The transaction is expected to close later this year, subject to customary closing conditions.

About Aadhar Housing Finance Limited

Aadhar Housing Finance Limited (Aadhar) is one of the largest housing finance companies in India servicing the home financing needs of the low-income segment.  Aadhar endeavours to empower underserved millions to own their first homes. Established in 1990 as Vysya Housing Finance Limited, Aadhar has a long history. Today, its 316 branches across 19 states help to reach more than 90% of the country’s low-income population and provide credit solutions that make home-ownership accessible to everyone.

Further information is available at www.aadharhousing.com

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with approximately USD 472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on global basis.

Blackstone has been active in India since 2006 and has committed USD 9.8 billion of investments in India through private equity and real estate.

Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact

Matthew Anderson
+1 (212) 390 2472
Matthew.Anderson@blackstone.com

Deepa Jayaraman
+91 900 877 8681
Deepa.Jay@outlook.com

Categories: News

Tags:

Rockefeller Group Sells New Industrial Building to KKR for $43.5 Million

KKR

Company Continues Plans for Future Inland Empire Developments Following Success of Optimus Logistics Center

IRVINE, Calif., Jan. 30, 2019 /PRNewswire/ — Rockefeller Group, a leading real estate developer, owner and operator, announced today that it has sold a recently completed 406,650-square-foot industrial distribution building to KKR for $43.5 million.  The building, located at Optimus Logistics Center in Perris, Calif., a 1.45 million-square-foot industrial complex, is the second building to be completed and sold at the project, following the September 2018 sale of a 1.04 million-square-foot distribution building to Ferguson Enterprises.

Optimus Logistics Center, Perris, Calif.

“The sale of the last building at Optimus marks an important milestone for Rockefeller Group in the Inland Empire,” said James V. Camp, Senior Vice President and Regional Development Officer for Rockefeller Group’s West Region.  “In less than two years, we were able to develop 1.45 million square feet of industrial space on a speculative basis along the I-215freeway and complete the business plan by selling both buildings shortly after completion of construction.  This success confirms that the I-215 corridor has become a destination for companies who need to distribute throughout the Western United States and also signifies the appetite by investors who see the area’s growth potential.”

Rockefeller Group completed construction of Optimus Logistics Center, which is a joint venture of Rockefeller Group and MBK Real Estate (MBK), in September 2018.

“We are excited to add Optimus Logistics Center to our industrial portfolio,” said Roger Morales, Head of Real Estate Acquisitions in the Americas at KKR.  “This is our first acquisition in the Inland Empire and we are confident that this investment will be attractive to potential tenants. Rockefeller Group has built an excellent asset.”

KKR is making the investment through its Real Estate Partners Americas II Fund.

“Throughout the escrow process on this sale, there was strong lease activity on this building given the site’s direct access to I-215 and proximity to I-10 as well as the growing demand for industrial space by e-commerce companies,” said Marc Berg, Vice President and Regional Director for Rockefeller Group’s West Region.  “We had been negotiating with several tenants prior to closing escrow with KKR and are confident that they will be successful in finding a tenant for the building in the near term.”

Along with the completion of Optimus Logistics Center, Rockefeller Group completed 425,500 square feet of distribution space consisting of two buildings at Tri-City Industrial Complex in San Bernardino, whereby one of those buildings (Building #2 at 81,286 square feet) sold to 4F Capital in September 2018.

“Rockefeller Group is committed to developing industrial distribution and e-commerce facilities in the Inland Empire given the current demand for space in the region,” said Camp.  “In 2019, the Inland Empire is expected to see continued strong absorption, stable vacancy rates and growing rents.  As a result, we will continue our development activities in the Inland Empire and other markets in the Western United States.”

Mike McCrary, Peter McWilliams, Sharon Wortmann and Scott Coyle of JLL represented Rockefeller Group and KKR for the sale at Optimus.

About Rockefeller Group
Rockefeller Group is a leading real estate developer, owner and operator, known since the development of Rockefeller Center for pioneering large-scale urban mixed-use development.  For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets.  Visit RockefellerGroup.com.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners 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. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Categories: News

Tags:

CapMan Real Estate grows its Nordic residential mandate for BVK to €820 million as it completes a significant off-market portfolio transaction

CapMan Real Estate has completed the acquisition of a residential portfolio from the Finnish fund manager ICECAPITAL and its local investors for a fund on the account of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group.

The acquisition of ICECAPITAL Housing Fund III portfolio comprises 37 residential assets and 1,740 apartments with a combined area of some 100,000 sqm. The apartments are located mostly in the Helsinki Metropolitan Area. The off-market transaction was sourced by CapMan.

Following the acquisition, the investment volume of CapMan’s mandate from BVK increases to approximately €820 million, invested mostly in Helsinki Metropolitan Area, Copenhagen and Aarhus.

CapMan will continue to advise the fund on sourcing and managing transactions in the Nordics. The timing and size of additional commitments will be subject to the availability of suitable investment opportunities.

“We’re very pleased to add this high-quality portfolio to the BVK fund and continue to see increasing interest from international investors for Nordic residential properties,” comments Sampsa Apajalahti, Investment Director at CapMan Real Estate.

“The growth of the mandate is an excellent example of the confidence that international institutions have in CapMan’s local expertise. Investment mandates are part of CapMan’s strategy for servicing a broader customer base through our platform of local investment experts,” says Joakim Frimodig, CapMan’s CEO.

The mandate advised by CapMan is a real estate fund held on the platform of Universal-Investment. CapMan receives long-term advisory and performance fees from the mandate in accordance with standard industry practices.

For further information, please contact:
Sampsa Apajalahti, Investment Director, CapMan Real Estate, tel. +358 40 575 2363
Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

About CapMan and CapMan Real Estate
CapMan Real Estate’s team consists of over 30 professionals based in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and has over €1.9 billion of assets under management deployed across four different investment strategies.

CapMan is a leading Nordic private asset manager with an active approach to value-creation. CapMan employs over 120 private equity professionals and has €3 billion of assets under management. Our current investment strategies cover private equity, real estate, infrastructure and credit. We also have a growing service business that includes procurement services, fundraising, and fund management services. www.capman.com

About Universal-Investment
With fund assets of around EUR 409 billion under administration, thereof EUR 321 billion in own vehicles and around EUR 88 billion in, inter alia, insourcing, well over 1,200 mutual and special investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in the German-speaking region. With its three key service areas Administration, Insourcing and Risk Management, the company’s lies on the efficient and risk-orientated management of funds, securities, alternative investments and real estate. The investment company is the central platform for independent asset management and unifies the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. Founded in 1968, the Universal-Investment group is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. It is one of the pioneers of the investment industry and has meanwhile become the market leader in the areas of master-KVG and private label funds. According to the 2018 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment also ranks in first place (as of 30 November 2018).

More information available at: www.universal-investment.com

About Bayerische Versorgungskammer
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of €4.6 billion and €3.3 billion pension payments annually. It currently has €72 billion assets under management and 1,270 employees. www.versorgungskammer.de

Categories: News

Tags:

EURAZEO PATRIMOINE acquires EUSTON HOUSE OFFICE BUILDING in London

Eurazeo

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

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

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

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

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

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

Categories: News

Tags:

The Carlyle Group’s Metropolitan Real Estate Closes Latest Secondaries Program, Raising $1.2 Billion

Carlyle

Secondaries Offer Exposure to Seasoned Investments with Shortened Holding Periods

These Defensive Characteristics Resonate with Investors Late in the Economic Cycle

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

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

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

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

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

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

* * * * *

Contact:

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

* * * * *

About The Carlyle Group

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

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

Categories: News

Tags: