Berkshire Global Advisors acted as exclusive financial advisor to Principal
INTERNOS Global Investors is a pan-European real estate fund and asset-management platform, which develops strategic investment and management solutions for institutional investors in all property asset classes across Europe. In addition to its London headquarters, INTERNOS has offices in Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan. INTERNOS employs more than 100 staff, manages circa 1,000 properties in eight countries and currently has $3.25 billion of assets under management.
Principal Global Investors, the asset management arm of Principal Financial Group, operates a multi-boutique model across several asset management boutiques. With over six decades of experience investing in the sector, Principal’s Real Estate business is one of the top 10 real estate managers globally with $ 74.9 billion in AUM.
Principal Global Investors, the asset management arm of Principal Financial Group, entered into a definitive agreement to acquire INTERNOS Global Investors, the pan-European Real Estate investment firm. As part of PGI’s multi-boutique operating model, INTERNOS will retain its investment and management independence, while gaining access to the resources and scale of a major financial institution. The investment teams of INTERNOS will remain unchanged and the senior management team will continue to guide the direction of the firm. Once the deal has received regulatory approval, INTERNOS will become Principal’s Real Estate business in Europe.