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«Two investment vehicles run by Arminius Funds Management S.a.r.l. ("Arminius"), as existing junior lenders, have acquired, as part of a loan restructuring, the controlling-majority stake in various SPVs holding 28 primarily commercial properties with a market value of approximately 1 billion euro. The seller is Eurocastle Investment Limited.
Arminius will be committing additional funds for capital expenditures and tenant improvementsto stabilise the portfolio over the next years.
Arminius manages closed-end real estate funds focused on investments exclusively in Germany. Encompassing both direct real estate and real estate debt, the firm currently has 2 billion euro of assets under management. Frankfurt-based Arminius Kapitalgesellschaft mbH is the exclusive investment and asset management advisor to Arminius».
(CS della Società)
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