Arminius acquires properties worth approx. €1 billion from Eurocastle (LU/DE)

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.

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