Partners Group has invested half a billion euros to buy residential and office assets in Italy and Poland respectively.

The global private markets investment manager, investing on behalf of its clients, said it has bought eleven residential properties in Italy and eleven office assets in Poland.

Majority of the residential properties are in Milan, with the remaining in Rome and Turin. The assets will be managed by Italian operating partner InvestiRE SGR, part of Banca Finnat Group, which will co-invest alongside Partners Group.

The Polish office portfolio, located in Kraków and Wrocław, will be managed by Polish operating partner REINO Capital.

Partners Group said its operating partners will make “significant operational enhancements at assets in both portfolios”.

Marco Denari, member of management, private real estate Europe, Partners Group, said: “Milanese city-centre locations, as well as exposure to blue-chip office tenants in Poland, provide significant downside protection and counter-cyclical features, which are in line with Partners Group’s relative value investment approach.

“In addition, the proprietary sourcing of both investments is a testament to our local presence and ability to provide tailored investment solutions across Europe.”

Mike Bryant, partner, co-head private real estate, Partners Group, said: “These two significant investments are representative of Partners Group’s core strategy of creating value across good quality, cash-flowing assets, with upside potential through medium-term, high-visibility asset management initiatives.

“We continue to find these locations attractive for opportunities in residential and office, and look forward to working with our local operating partners on enhancing the assets both from an operational and sustainability standpoint.”

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