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STAG Sets $200M Sights on Europe

BOSTON-STAG Capital Partners expects to make $200 million in investments in the European market over the next year and has opened an office in London to handle those expansion plans.

By Beverly Ford | Updated on February 27, 2007

(To read more on the industrial market, click here.)

BOSTON-STAG Capital Partners is out to conquer Europe. The locally based real estate investment firm has opened an office in London and will add a Munich location by the second quarter to handle the more than $200 million in investments the company plans to make in Europe over the next year, according to CEO Ben Butcher.”We’re very excited about the prospects in Europe,” Butcher tells GlobeSt.com, noting that the firm will employ the same strategy it uses in the US to acquire single-tenant net leased industrial assets. That strategy has paid off handsomely for STAG, which has grown to 97 US properties since starting about four years ago.

Butcher says he expects the company to spend 100 euros, or just over $200 million, to build its European portfolio with most of those assets concentrated in Germany, where STAG plans to open an office in the second quarter of 2007.

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