KP Town Park Ravine Acquisition Press
Transcription
KP Town Park Ravine Acquisition Press
PRESS RELEASE FOR IMMEDIATE RELEASE Knightsbridge Partners Sponsor’s Equity Real Estate Fund invests in the acquisition of Town Park Ravine in Atlanta, GA. Property acquired by Americas Capital Partners, LLC London, United Kingdom (August 1st, 2014) – Knightsbridge Partners today announced its co-investment in the acquisition of the Town Park Ravine, a three building 367,090 square-feet office park in Kennesaw, Georgia—together with Americas Capital Partners. The property was purchased for US$ 57.4m, of which US$16.3m was equity while GE Capital financed US$41.1m. “We are pleased to continue offering our investors truly unique investment opportunities in the U.S. real estate market beyond the deployment of equity capital,” said Daniel Melhem, Managing Director of Knightsbridge Partners. “This is a top-performing, welllocated office complex in one of Atlanta’s main suburbs with a stable and diverse tenant mix, and a dependable and growing cash flow,” said Melhem. The acquisition is the Fund’s second purchase of commercial property in the U.S. so far this year and represents a strategic addition to Knightsbridge Partners’ U.S. commercial real estate portfolio, which includes three other properties in Charlotte, North Carolina. Melhem explained, “Our long term partnership with Americas Capital Partners is central to our success in a highly competitive institutional market to achieve our goal of owning a well-diversified portfolio of commercial real estate across the U.S. Our focus is to continue making further acquisitions in key markets such as New York, Chicago, Washington D.C., Boston, Atlanta, Charlotte and Houston.” About Knightsbridge Partners Established in 2003, Knightsbridge Partners is an independent merchant bank with a focus in Private Equity, Real Estate, Asset Management and M&A advisory services. The firm has offices in the U.K., Argentina and Chile. The company offers a comprehensive platform of global invests, private capital advisory as well as investment management services. Through its fund management and direct investments opportunities, Knightsbridge is a strategic global investor in key sectors and industries. For further information on Knightsbridge Partners Limited, please visit www.knightsbridgepartners.com