Sistema Capital Partners Sells German High Street Portfolios to German institutional investor for €267 Million on Behalf of Sistema-Led Clubs of Investors
Sistema Capital Partners, acting for a Sistema-led club of investors, has sold two portfolios of prime high street properties in mid-sized German cities for a total of €267 million to a German institutional investor.
Sistema Capital Partners/CORESTATE JV Secures €105 Million Retail Deals in Flensburg and Lübeck to take German High Street Acquisitions to €350 Million for Sistema-Led Club
The international private equity real estate investment joint venture of Sistema Capital Partners (SCP) and CORESTATE Capital Holding S.A. (CORESTATE) has acquired two high street properties for a total of EUR 105 m. The properties are located in Flensburg and Lübeck, two affluent and economically dynamic cities on Germany’s Baltic coast. The investments will be 70% debt-financed and lift the JV’s total volume of retail real estate deals in Germany on behalf of a Sistema-led club of investors to EUR 350m.
Sistema Capital Partners and CORESTATE Form JV, Securing Four German Retail Assets in €120 Million Purchase for Sistema-Led Club
Sistema Capital Partners (SCP), the international real estate private equity platform established by Russia’s listed diversified holding company Sistema JSFC and CORESTATE Capital Group, a fully integrated real estate investment manager, have formed a joint venture targeting opportunities in Germany. The partners have secured four High Street retail properties in mid-sized cities on behalf of a Sistema-led club of investors for a total of more than €120 million. Debt will finance more than 60% of the investments.
Sistema Capital Partners Debuts in the European Real Estate Market; Leads Investment Club in €125 Million Retail Portfolio Acquisition in Germany
Sistema Capital Partners (SCP), the international real estate private equity platform launched this month by Sistema Capital Partners JSFC (LSE: SSA), a publicly-traded diversified holding company operating primarily in Russia and the CIS, has secured on behalf of Sistema Capital Partners and co-investors the acquisition of a portfolio of German high street retail properties for a total amount of up to €125 million.