HSH Nordbank to finance retail portfolio for Partners Group (DE)

HSH Nordbank will provide vehicles majority-owned by Partners Group with pro-rated finance amounting to €62 mln 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 m² The sizes of these retail properties, all of which were built in the 1990s, range from about 5,500 m² to more than 22,000 m². 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 €37 bln in investment programs under management in private equity, private real estate, private infra-structure and private debt. Its private real estate business has €7 bln in assets under management.
Source: HSH Nordbank