Arminius acquires €300m loan portfolio

The private equity real estate firm has bought a second package of commercial real estate loans from Deutsche Bank covering the multifamily, retail and office sectors in Germany.

Arminius Real Estate Opportunity Fund, the London-based private equity real estate firm, has acquired a second portfolio of commercial real estate loans from Deutsche Bank.

The 13 second ranking loans were valued at around €300 million, according to the firm in a statement.

It follows on from a deal in August, in which AREOF closed on a portfolio of 18 performing subordinate real estate loans from the investment bank totalling €325 million.

The loans are all backed by German real estate. The second package of loans covers the multifamily, retail and office sectors.

Arminius specialises in debt and equity real estate opportunities in Germany. 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 million of capital for the fund.