HSH Nordbank to finance retail portfolio for Partners Group
Hamburg/Kiel, June 18, 2015 - HSH Nordbank will provide vehicles majority-owned by Partners Group with pro-rated finance amounting to EUR 62 million for the purchase of seven retail properties.
The total sales space of the properties, which are situated in such eastern German locations as Potsdam and Bergen on the island of Rügen, comes to nearly 82,000 sq. metres. The sizes of these retail properties, all of which were built in the 1990s, range from about 5,500 to more than 22,000 sq. metres. Much of the space is leased to well-known anchor tenants – including Real, Kaufland and the toom chain of DIY stores.
Partners Group is a global private markets investment management firm with over EUR 37 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. Its private real estate business has EUR 7 billion in assets under management.
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