Transactions - SEPTEMBER 14, 2021

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MARK partners with Credit Suisse Asset Management to build first phase of €1b European residential portfolio

by Andrea Zander

MARK, a pan-European private equity real estate investment manager, has partnered with Credit Suisse Asset Management to acquire and manage small-scale city center residential assets across Europe.

Named DOMA, the platform aims to amass a €1 billion ($1.2 billion) gross asset value pan-European portfolio through a phased expansion, focusing first on Germany and the Netherlands.

Led by Josip Kardun, MARK’s CIO, who is a former CEO of Multi, Blackstone’s largest European operating platform, DOMA will target centrally located individual dwellings and small apartment buildings typically of up to 12 units in size.

In partnership with Credit Suisse Asset Management’s multi-manager real estate team, which has previously invested in MARK’s last-mile logistics platform Crossbay, DOMA will target an initial portfolio of €500 million ($591 million) GAV across Germany and the Netherlands. Both countries have large urban residential markets marked by undersupply,

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