Private equity group Arminius has acquired EUR 148 mln of performing commercial real estate loans from a major international commercial bank. The loans are secured with one industrial property and various hotels in Germany. Including this transaction, Arminius has closed on approximately EUR 800 mln of commercial real estate loans since July 2008.
Private equity group Arminius has acquired EUR 148 mln of performing commercial real estate loans from a major international commercial bank. The loans are secured with one industrial property and various hotels in Germany. Including this transaction, Arminius has closed on approximately EUR 800 mln of commercial real estate loans since July 2008.
Arminius specialises in real estate debt and equity opportunities in Germany with a current focus on loans. In October last year the company said its Real Estate Opportunity Fund had purchased a portfolio of 13 senior ranking commercial real estate loans totalling EUR 300 mln from Deutsche Bank's London branch.
