29. September 2015
Peakside Capital Advisors AG and GRP Capital GmbH launch new investment and asset management joint venture
Peakside Capital Advisors AG (“Peakside”) and GRP Capital GmbH are pleased to announce the creation of Peakside GRP Capital GmbH, a new 50/50 Joint Venture (the “JV”) vehicle. The company will specialise in investment and asset management for national and international investors, as well as family offices looking for more defensive, higher-yielding assets. The company’s initial focus will be on identifying investment opportunities of residential assets and portfolios in Germany, targeting markets that are driven by a substantial qualitative or quantitative surplus of demand.
Peakside Capital Advisors AG (“Peakside”) is a specialist European real estate private equity firm, headquartered in Zug, Switzerland. Founded in 2010, Peakside currently has investments totaling approx. €1.4bn under management with a strategic focus on opportunistic and value-add assets. With offices in Frankfurt, Zug (CH), Warsaw, Prague, and Luxembourg, Peakside currently has a team of 30 real estate professionals, utilising their on-the-ground knowledge to source value in their respective markets.
GRP Capital GmbH was founded in June 2015 by Peter Willisch and Matthias Franke, who were previously responsible for PATRZIA Immobilien AG’s Fund Management Team. Collectively, they have accrued more than 30 years of experience in the real estate industry, spanning from transaction and asset management to fund structuring.
Boris Schran and Stefan Aumann, the two Managing Partners and Founders of Peakside said: “The creation of Peakside GRP Capital GmbH, allows us to continue diversifying and extending our product range to incorporate more defensive real estate investments. We are delighted to have tied up with Peter Willisch and Matthias Franke as partners, who have an excellent track record within the industry for developing focussed fund strategies and managing the types of investment that we are targeting. Furthermore, whilst bringing an unrivalled depth and breadth of knowledge to the team, they also share our entrepreneurial spirit.”
Peter Willisch and Matthias Franke added: “We are very much looking forward to working alongside Peakside in this new JV, and have been impressed with both the strength of their team and their focus on excellent operating asset management. They are key players within the European real estate market, and their positioning will provide a strong foundation for further development and growth as we move forward with this new JV.“
For further information, please contact:
Dido Laurimore / Clare Glynn, FTI Consulting
Tel: +44 (0)20 3727 1000