Drooms supported the tail-end transaction of a European real-estate fund
Drooms supported the tail-end transaction of a European real-estate fund with an investment volume of 1.1 billion Euros. The international broker TCP, headquartered in Frankfurt, discreetly embarked on the sale of this portfolio which comprised of diversified offices and logistics properties from a leading European Asset Manager. The fund investors’ buy out process took place within tight parameters and regulation imperatives.
The 121 000 m² rest-portfolio was a mix of value-add, opportunistic and core properties in France, United Kingdom, Italy, Luxembourg, Finland and Poland. This third party account fund had original commitments of €535million of equity and it once controlled a total of €1,1billion. Yannick Hess, the Managing Partner of TCP Brokerage: “This multi jurisdiction transaction with institutional investors was a particular complex one with many challenges for a fund of that size“