Partners Group has significantly enhanced its real estate portfolio by agreeing to the acquisition of Empira Group, a prominent real estate investment platform based in Switzerland that primarily focuses on the residential sector. This strategic move underscores the Swiss private equity firm's commitment to deepening its vertical sector expertise in residential real estate, among other critical areas, by investing in successful specialist fund managers and operators. Empira Group manages an impressive portfolio with a gross development value of 14 billion euros, with a primary focus on residential real estate across Europe and the US, along with initiatives related to green transitions and real estate credit.
Employing over 250 professionals across 13 offices around the globe, the firm excels in investment, development, fund management, and property operations. The completion of this acquisition is anticipated in the first half of 2025. Upon finalizing the deal, Empira Group will retain its brand identity while striving to evolve into a pan-European platform under the auspices of Partners Group. Karim Habra, the global co-head of real estate at Partners Group, remarked, "This strategic acquisition supports Partners Group's long-term growth in real estate and brings Empira Group's operational expertise to our established global investment platform at a pivotal moment for the real estate industry." Earlier in 2024, Partners Group further expanded its real estate divisions with multiple acquisitions, which include US-based hospitality-focused real estate investor Trinity Investments and UK logistics real estate developer and asset manager Citivale.
As of September 30, Partners Group's real estate portfolio boasts a total gross asset value of $43 billion, in addition to $15.9 billion in assets under management. On the trading front, Partners Group shares experienced an uptick of over 1% during late morning trading on Tuesday..