PHG sponsors deep value add opportunities in gateway markets where we bring in-house expertise. In these situations, we originate, structure and manage the investment.
PHG has completed 19 investments targeting four gateway markets since 2013
PHG, in partnership with SKS, has acquired and redeveloped assets with gross valuation of approximately $500 million in the Bay Area. These investments reflect our conviction for opportunities in exceptional locations offering powerful underlying technology demand generators and assets with timeless bones.
PHG has acquired one deep value add hospitality asset in Waikiki, which we are in the process of renovating and repositioning. We believe that the Hawaii hospitality market offers some of the most attractive long-term supply and demand fundamentals in the U.S. and Asia-Pacific Region.
PHG participates through other platforms to access opportunities and strategies in markets where we have expertise, but limited local presence. In these situations we invest and assume active board member roles.
PHG has an ongoing partnership with Greycoat PLC, a leading Central London developer and operator which has since 2013 acquired assets with gross valuation of approximately £1.5 billion. We believe that London’s size, transparency, and location make it the world’s preeminent global gateway market.
From 2013 to 2015, PHG participated with GPI Companies in the acquisition of eight assets with gross valuation of approximately $500 million located in dynamic infill markets within Greater Los Angeles. We believe Los Angeles, by offering a lifestyle unique amongst gateway markets, will continue to be a global magnet for the industries of entertainment, defense, technology and healthcare.