German asset manager Caleus Capital Investors has established a strategic partnership with GIC, Singapore’s sovereign wealth fund, primarily targeting investments in Berlin.
The partnership’s vehicle, Caleus Capital Partners, will be investing in assets with correctable impairments, according to Caleus, with a view to creating value through active asset management or a redevelopment strategy.
'We are very proud to have established this partnership with GIC, one of the most recognised real estate investors in the world,' Patrick Reich, founding partner of Caleus Capital Investors.
'The combination of global perspective and local investment management expertise fully equips us to succeed in the market and grow the new platform into a pre-eminent market participant in Berlin and Germany.'
'We will continue to focus on what we have a proven track record for: delivering attractive risk-adjusted returns by targeting quality assets that allows us to unlock value through operational excellence and an entrepreneurial hands-on approach,' concluded Massimo Massih, managing director of Caleus Capital Partners.
Caleus was advised by Taylor Wessing and Manske Rechtsanwälte Steuerberater.
