Two investment vehicles run by Arminius Funds Management S.à r.l., 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. The seller is Eurocastle Investment Limited.
Arminius will be committing additional funds for capital expenditures and tenant improvements to stabilize the portfolio over the next years.
Source: Arminius Funds Management S.à r.l.
