The investments comprise 11 residential properties in Italy and 11 office assets in Poland, with a combined leasable area of 170,000 m2.
Partners Group, the Switzerland-listed private equity firm, has acquired two real estate portfolios in Europe valued at €500m. The investments comprise 11 residential properties in Italy and 11 office assets in Poland, with a combined leasable area of 170,000 square meters.
According to a statement, the properties in Italy are located in large urban centers, such as Milan, Tom and Turin. The Polish office portfolio is located in the cities of Kraków and Wroclaw.
Partners Group plans to make “operational enhancements” in the assets, such as unit-by-unit renovations, refurbishment of common areas and re-development projects.
“Milanese city-centre locations, as well as exposure to blue-chip office tenants in Poland, provide significant downside protection and counter-cyclical features, which are in line with Partners Group’s relative value investment approach,” said Marco Denari, member of management, private real estate Europe at Partners Group.
Founded in 1996, the Baar-based firm has over $96bn in private markets assets under management and more than 1,500 professionals across 20 offices worldwide.