immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Partners Group

  • Partners Group cooperates with StoryBuilt

    Partners Group cooperates with StoryBuilt

    The Partners Group , a global manager of private market investments, has partnered with the Texan real estate developer StoryBuilt , according to a press release . Both have formed a joint venture with a capitalization of $ 1 billion. It will fund 17 of StoryBuilt's existing projects as well as future acquisitions and developments in the most dynamic American cities of Austin, Dallas, Denver and Seattle.

    Projects include apartment buildings, condominiums, and mixed-use properties. "The Partners Group offers StoryBuilt a strong future in which we can accelerate our growth and steadily increase our property acquisitions and developments," said co-founder Anthony Siela in the press release.

    Scott Egarian, executive board member of Private Real Estate Americas at Partners Group, sees “strong thematic investment opportunities in the housing market in growth cities” for his company. The housing shortage there “should support demand in the years to come. We believe StoryBuilt has the right offer. "

  • Partners Group acquires Australian Travelodge hotels

    Partners Group acquires Australian Travelodge hotels

    The Partners Group creates a hospitality mainstay in Australia. In partnership with the Singaporean sovereign wealth fund GIC and the Australian hotel operator Salter Brothers , it is acquiring the Travelodge hotel portfolio. According to a press release from Partners Group, it is the largest portfolio of its kind in Australia and is spread across major cities such as Sydney, Melbourne and Brisbane. It offers a good starting point for further expansion.

    "This portfolio represents an excellent opportunity to acquire well-located investments" and at the same time benefit from the price discounts caused by the pandemic, says Rahul Ghai, Managing Director Private Real Estate of the Partners Group. "We particularly like this portfolio because it offers initial returns with the potential for further returns through transformative value creation strategies."

    On the one hand, the portfolio will benefit from a nationwide campaign launched this year to stimulate domestic tourism. On the other hand, the new partners are working on a plan that is supposed to improve the occupancy of the hotels through a new brand image and selective upgrading. In addition, the owners are thinking of expanding visibility by expanding loyalty and reward programs through a wider sales channel.

    Partners Group executive Euan Kennedy sees "some signs of steady economic recovery" in Australia. Rising vaccination rates are “a good omen for increasing room occupancy by domestic and foreign travelers in the course of our investment. We look forward to working with our experienced business and capital partners on this exciting opportunity. "