Strategic investment partner of PingProperties expanding its stakeholding
25-06-2018
One of PingProperties’ investment partners is expanding its stakeholding in no fewer than seven funds in the Corporate Office Fund portfolio. In some funds the investor is buying shares, while in other funds it is joining as a new investor.
The withdrawing investor has achieved an average of 12% IRR over a period of eight years. The value of the underlying properties amounts to approx. 150 million euros.
PingProperties shows with this new share deal that it is possible for its investors to join and withdraw from funds, while PingProperties remains involved for the long term as a co-investor and manager.
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