Last updated: 12:22 / Sunday, 26 January 2014
A Premier Property

Starwood Capital Group Acquires Portfolio of 10 UK Properties

Starwood Capital Group Acquires Portfolio of 10 UK Properties

Starwood Capital Group, a global private investment firm, announced that it had acquired, through an affiliate, a portfolio of UK properties from the Premier Property Group alongside Catalyst Capital, a European investment and asset management company. Terms of the transaction were not disclosed.

The portfolio of 10 properties comprises: Princes Mall in Edinburgh (located adjacent to Waverly Station); three multi-let office buildings -- including Kingsgate in Redhill and 26 Cross Street in Manchester; a multi-let industrial estate in Edinburgh; two single fully let industrial units; a retail parade in Lands Lane, Leeds; and two development sites. 

The transaction adds to Starwood Capital Group's growing portfolio in the UK and Ireland. In August 2013, the firm acquired a pool of 18 non-performing loans secured by 39 Irish commercial properties, which were heavily concentrated in Dublin, but also included sites in Killarney, Limerick and Waterford.

"This new transaction presents an opportunity to acquire assets in UK markets with strong demand generators at significantly below replacement cost," said Adam Shah, Vice President of Starwood Capital Group. "These markets are recovering rapidly, and we believe that through this uptrend as well as active asset management, value can be added."

"We are delighted to have completed this portfolio purchase from Premier Property Group with our long-term partner, Starwood Capital Group," said Guy Wilson, a Partner of Catalyst Capital. "The portfolio provides an opportunity for the whole UK team to deploy its asset management skills across a range of properties."

For your information...

Starwood Capital Group es una firma de inversión privada con sede en Estados Unidos dirigida al sector inmobiliario. Desde la creación del grupo en 1991, la firma ha conseguido más de 23.000 millones de dólares en capital de valores y ha adquirido más de 45.000 millones de dólares en activos. Starwood Capital Group actualmente dispone de 32.000 millones de dólares de activos bajo gestión. Starwood Capital Group tiene sus oficinas en Greenwich, Atlanta, San Francisco, Washington, D.C., Los Ángeles, Chicago y Miami, además de contar con oficinas afiliadas en Londres, Luxemburgo, París, Fráncfort y Sao Paulo.

Con sede central en Londres y oficinas en Fráncfort, París y Varsovia, Catalyst Capital es una compañía europea de gestión de activos e inversiones. Creada en 1996, Catalyst Capital estructura, adquiere, desarrolla y gestiona una cartera inmobiliaria industrial en Europa. Desde su creación, Catalyst Capital ha invertido más de 4.500 millones de euros en activos inmobiliarios, incluyendo más de 1.100 millones de euros en 35 centros comerciales.