23 MAART 2017 – PFA Pension richt twee joint ventures op met Spear Street Capital LLC voor belang van 49 procent in twee kantoorprojecten van topklasse
SAN FRANCISCO–(BUSINESS WIRE)– Een zusterbedrijf van PFA Pension heeft de oprichting van twee aparte joint ventures met zusterondernemingen van Spear Street Capital LLC aangekondigd. Daarmee verkrijgt het bedrijf een belang van 49 procent in circa 1,2 miljoen vierkante voet aan kantoorvastgoed in Dallas, in Texas, en Jersey City, in New Jersey (het Invictus Portfolio). Dit Invictus Portfolio, dat voorheen volledig in handen was van fondsen van Spear Street, bestaat uit het kantorencomplex Galatyn Commons in Dallas en 90 Hudson, een kantoorgebouw van topklasse in Jersey City met een oppervlakte van 432.000 vierkante voet.
Spear Street blijft namens de twee joint ventures beheerder van het Invictus Portfolio. Details van de transactie zijn niet openbaar gemaakt.
23 MARCH 2017—PFA Pension Forms Two Joint Ventures with Spear Street Capital LLC to Acquire a 49% Interest in Two Class A U.S. Office Properties |
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SAN FRANCISCO–(BUSINESS WIRE)– An affiliate of PFA Pension announced the completion of two separate joint ventures with affiliates of Spear Street Capital LLC (“Spear Street”) to acquire a 49% interest in approximately 1.2 million square feet of office properties located in Dallas, Texas and Jersey City, New Jersey (the “Invictus Portfolio”). Formerly 100% owned by certain funds managed by Spear Street, the Invictus Portfolio comprises Galatyn Commons, a 796,200-square foot Class A office campus located in Dallas, Texas and 90 Hudson, a 432,000-square foot Class A office building located in Jersey City, New Jersey. Spear Street will continue to serve as the manager of the Invictus Portfolio on behalf of the two joint ventures. Terms of the transaction were not disclosed. Accord Capital Partners LLC served as the exclusive financial advisor in connection with this transaction. ABOUT PFA PENSION PFA Pension was founded in 1917 as an independent company by a number of labor organizations, with the sole purpose of ensuring a financially secure future for the employees and their families. Today, PFA has approximately 1.2 million individual customers from a wide range of the largest companies and organizations in Denmark. For further information on PFA, visit: www.english.pfa.dk ABOUT ACCORD CAPITAL PARTNERS LLC With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit: www.accord-group.net View source version on businesswire.com: http://www.businesswire.com/news/home/20170327006006/en/ Contacts Accord Group Holdings LLC |
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