Discounts on secondary real estate portfolios grew larger towards the end of last year in a trend that has continued into 2012, according to Partners Group, the global private markets investments firm.
The Switzerland-based group, which has €25 billion of investments under management in private real estate, private equity, infrastructure and private debt, told PERE that discounts to net asset value had remained stable throughout 2011, although it did see them ‘improve’ at the end of the year due mainly to regulatory pressures upon sellers.
