Peakside Capital Advisors has created a German residential property joint venture with GRP Capital.

The private equity firm will advise national and international investors, as well as family offices, on investing in defensive, higher-yielding assets.

German residential assets and portfolios are the partnership’s first target, the Zug-based company said.

The joint venture will target markets where there is a surplus of demand.

GRP, created in June, is run by Peter Willisch and Matthias Franke, previously of Patrizia Immobilien.

Boris Schran, managing partner and founder of Peakside, said the joint venture’s creation allowed the company to continue diversifying and extending its product range to incorporate more defensive real estate investments.

“We are delighted,” he said, “to have tied up with Peter Willisch and Matthias Franke as partners, who have an excellent track record within the industry for developing focused fund strategies and managing the types of investment we are targeting.”