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Awon
Platform:
Awon
Year Established:
2000
Sector:
Commercial
Region:
France
Total Capitalization:
$668 million

Realized investment

Investment Highlights

  • After the introduction of the Euro, Paris’ office market experienced a supply/demand imbalance that spurred new suburban office development.
  • Alpine Grove formed a joint venture with a leading property investor/operator and recapitalized real estate owned by the Government and corporations looking to divest non-core assets.
  • Awon acquired office and warehouse assets through sale and lease-back transactions and grew the portfolio throughout the hold period.
  • Alpine Grove exited by acquiring a listed company and transforming it into a REIT seeded with Awon’s assets.
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