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TPG/Patron sell €622m Dutch platform

TPG and Patron Capital Partners have entered into definitive documentation for the sale of their investment in Merin, one of the largest commercial real estate platforms in the Netherlands, to Dream Global REIT for €622m.
By James Buckley
July 18, 2017 | 1:25 P.M.

Merin was acquired by TPG Real Estate, TPG Sixth Street Partners (TSSP) and Patron in 2012, in a complex transaction that represented the first restructuring of a European commercial mortgage-backed securitisation at legal final maturity.

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News | TPG/Patron sell €622m Dutch platform