Peakside Capital completed transactions totalling over €230 mln during 2012 versus €140 mln in 2011.
Peakside Capital completed transactions totalling over €230 mln during 2012 versus €140 mln in 2011.
The specialist European real estate private equity firm carried out €100 mln of acquisitions in its target markets, Germany and CEE, and more than €130 mln of disposals across its mandates in Germany, including the current Peakside Real Estate Fund I (PREF I).
Some 80% of acquisitions and over 90% of disposals were completed in Germany. Of the total acquisitions, commercial properties including retail and office buildings accounted for 55% and the remaining 45% was residential development opportunities. Peakside’s disposals were across all segments with the majority of sales being commercial properties.
2012 also saw Peakside complete the acquisition of Allied Irish Banks’s Polish property fund management subsidiary and its interests in two Polonia Property Funds. This represented both Peakside’s first direct investment into Poland through its PREF I fund and its first strategic acquisition of a fund and asset management business in a core market. Through this acquisition, Peakside’s AUM is now over €2 bn.
