Irish Private Equity Targeting Attractive UK and German Retail Assets
Property Investor Europe reports: Signature Capital’s acquisition of the 32,441-square-meter Neumarkt Galarie in Cologne, Germany, for €135 million out of insolvency was the third-largest trade in all of Europe during June, according to data recorded by Real Capital Analytics. Former owners – a group led by Quinlan Private, also of Ireland – paid €170 million for the property at the peak of the market in 2006.
Now, says Property Investor Europe (PIE), the private equity group based in Dublin is seeking to aggressively target retail properties in both the UK and Germany. Signature Managing Director Ciaran McNamara was quoted by PIE as stating that, “Signature Capital is looking to expand and expects to be active in the UK and Germany, subject to the availability of the right opportunities.”
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Posted by: Nina Turner