Arminius, the private equity firm founded in 2006 by former Lone Star director Peter Jun, has bought EUR 148 mln of commercial real estate loans in Germany for its Real Estate Opportunity Fund I (AREOF I). The portfolio, which is secured by one industrial asset and a number of hotels, is believed to have been sold by Merrill Lynch as part of the US bank’s plan to boost liquidity and clean up its balance sheet. The deal is the latest purchase by AREOF I, which raised EUR 252 mln of equity in 2006.
Premium subscriber content – please log in to read more or take a free trial.
