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