Partners Group is acquiring Empira Group, a real estate manager overseeing a €14 billion gross development value portfolio of residential properties across Europe and the US.
Founded in 2014 and based in Switzerland, Empira focuses on residential investments, sustainability-driven projects and real estate credit. In its credit segment, Empira provides financing solutions such as senior and junior loans, whole-loan and mezzanine financing, preferred equity and joint venture opportunities.
Global private markets firm Partners Group – which is investing an unspecified amount to acquire Empira — said the transaction will strengthen its role as a global real estate investor and help drive its growth plans as the real estate market evolves.
Once the deal is completed, Empira will continue to operate as a standalone brand under Partners Group, with a plan to become a pan-European platform.
Partners Group’s acquisition of Empira follows recent investments in US-based hospitality real estate investor Trinity Investments and UK logistics real estate developer and asset manager Citivale. Partners Group has a global real estate portfolio with a total gross asset value of $43 billion (€41 billion) and $15.9 billion in assets under management.
Source: realassets.ipe.com on the 3rd of December