Arminius, the Germany-focused real estate firm, has acquired another package of real estate loans.
The firm run by Peter Jun, who previosuly worked in Europe for Dallas-based Lone Star, said in a statement that it had bought a €148 million portfolio of loans from a major international commercial bank. It added the loans are secured by one industrial property and various hotels in Germany.
Arminius manages the Real Estate Opportunity Fund foucused on acquiring real estate debt and equity in Germany, with a current focus on debt.
It has bought approximtely €800 million of commerical real estate loans since July 2008.
Last year it acquired two portfolios from Deutsche Bank.
Arminius raised €252 million of capital for its fund.