Round Hill Capital has joined forces with US private equity group Starwood and asset manager StepStone Real Estate to acquire a portfolio comprising 60 properties with 925 residential and commercial units located in Frankfurt, Wiesbaden and other towns in the greater Frankfurt area.
Financial details were not disclosed.
Round Hill and its affiliates currently own and manage over 4,000 units in Germany for several institutional and private clients.
Simmons & Simmons, Freshfields Bruckhaus Deringer, E&Y, PWC and Forspol advised the buyers on the deal.
The deal is the second joint investment by Round Hill and StepStone following both companies' debut acquisition in the Nordics last year for €180 mln. The portfolio involved 326,000 m2 of industrial and logistics assets in Norway, Sweden and Denmark.
