Partners Group has acquired a majority equity stake in a portfolio of 30 commercial properties in Germany, France and the Netherlands. The properties are part of a portfolio previously owned by Imfarr Beteiligungs GmbH and SN Beteiligungen Holding AG, and were acquired for a total transaction value of over €550 million ($612 million). The acquisition is a joint venture with Peakside Capital Advisors AG.
The portfolio consists of 27 office and three logistics properties and is mostly located in Germany, with the remaining assets based in greater Paris and Amsterdam. The German portfolio includes buildings in Munich, Hamburg and Stuttgart, as well as the greater Düsseldorf and Frankfurt regions, and comprises a well-diversified tenant base. Following the acquisition, Partners Group and Peakside will work on a range of value creation opportunities, including repositioning several properties, to optimize the portfolio's value.
Lars Kreutzmann, co-head private real estat
