Arminius buys €325m of debt in Germany

Deutsche Bank is selling the performing loan book backed by assets in Germany as interest in debt investment continues.

Arminius Real Estate Opportunity Fund, the London-based private equity real estate firm,  has acquired a portfolio of 18 performing subordinate commercial real estate loans totalling around €325 million ($503 million).

Deutsche Bank’s London office has sold the loans, which are all secured by properties in Germany.

Arminius specializes in debt and equity real estate opportunities in Germany and is exclusively advised in Germany by Arminius Kapitalgesellschaft.

The firm was started by Peter Jun, who previously worked for Lone Star where he acquired distressed debt on behalf of the US firm. Arminius raised €252.5 million ($391 million) of capital.