German residential landlord In-West Partners is leading a consortium of investors which has acquired the Margaux portfolio out of the Titan Europe CMBS-securitisation serviced by Hatfield Philips for €268 mln.
German residential landlord In-West Partners is leading a consortium of investors which has acquired the Margaux portfolio out of the Titan Europe CMBS-securitisation serviced by Hatfield Philips for €268 mln.
The portfolio comprises around 8,500 residential units mainly located in Berlin, Dusseldorf, Neuss, Leipzig, Halle und Gotha. In-West is managing the purchase and has co-invested alongside the institutional investors. The company is also taking over the asset management of the properties.
The transaction brings the number of residential and commercial units managed by In-West to more than 16,000.
In-West Partners is a German property company that acquires and manages mainly residential real estate with a regional focus on Berlin, Leipzig/Halle, North Rhine-Westphalia and the region between North Rhine-Westphalia and Berlin. The company generally targets distressed or under-managed real estate portfolios ranging between €10 and €40 mln.
The purchasers were advised by international law firm Olswang and Jones Lang LaSalle.
