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Partners Group invests in a 350'000 square foot portfolio of off

Press release

Baar-Zug, 3 May 2013

Partners Group invests in a 350'000 square foot portfolio of offices located
in Stockley Park business park and Croydon, London

Partners Group, the global private markets investment manager, invested on
behalf of its clients in an 80% secondary stake in a portfolio of office
buildings located in Stockley Park and Croydon managed by CarVal Investors.

The portfolio comprises four office buildings in Stockley Park and one office
building in Croydon that will all be refurbished and re-let. Stockley Park is
a mature 2 million square foot business park that is one mile north of
Heathrow and 15 miles west of central London. Stockley Park accommodates a
large number of institutional tenants and owners, creating a liquid investment
and occupational market with minimal vacancy and strong tenant demand. Croydon
is south London's largest suburban office hub and is 15 minutes by train to
central London or Gatwick Airport. It has 7.5 million square feet of office
stock at present, much of which was constructed between the 1940s and 1980s
and is now nearing obsolescence. Croydon is also London's largest borough by
population and has become a major area for regeneration recently, attracting
significant investment from both public and private investors and developers
which is expected to transform the area.

The refurbished Croydon building therefore represents an attractive
proposition to gain first mover exposure to an evolving market that is
expected to generate strong interest in future from tenants moving out from
central London and where demand for quality space greatly exceeds the current
supply. As a result of recent leasing activity Stockley Park also benefits
from a scarcity of competing supply and the buildings acquired are expected to
attract strong demand once refurbished.

Claude Angéloz, Partner and Co-Head Private Real Estate, comments, "We are
delighted to have invested in this compelling opportunity for our clients and
to establish a relationship with CarVal Investors. The attractive pricing at
levels 20-30% below replacement cost will underpin our ability to offer
premium quality space at rental levels below the current market once the
refurbishments are completed. We believe that both the Stockley Park and
Croydon locations are currently at inflection points that offer the potential
to significantly improve the performance of this investment. The properties
tie in well to our investment strategy based on our current relative value
assessment: quality real estate located in secondary locations in tier 1
cities."

About Partners Group

Partners Group is a global private markets investment management firm with
over EUR 28 billion in investment programs under management in private equity,
private real estate, private infrastructure and private debt. The firm manages
a broad range of customized portfolios for an international clientele of
institutional investors. Partners Group is headquartered in Zug, Switzerland
and has offices in San Francisco, New York, São Paulo, London, Guernsey,
Paris, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney.
The firm employs over 600 people and is listed on the SIX Swiss Exchange
(symbol: PGHN) with a market capitalization of over CHF 6 billion and a major
ownership by its Partners and employees.

Investor relations contact

Philip Sauer

Phone: +41 41 784 66 60

E-mail: philip.sauer@partnersgroup.com

Media relations contact

Dr. Anna Hollmann

Phone: +41 41 784 63 72

E-mail: anna.hollmann@partnersgroup.com

www.partnersgroup.com

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