Madison provides equity capital to owners seeking to recapitalize the balance sheets of their existing properties and portfolios. Madison’s equity enables owners to:
- Amortize existing debt positions
- Replace subordinated debt with equity
- Generate cash for leasing costs, capital expenditures, or renovations
Madison is a financial investor, not an owner or operator, and seeks to partner with quality sponsors with a proven track record of success. By partnering with Madison, owners gain access to additional equity capital to continue the real estate value creation process while also maintaining ownership and management control.
TRANSACTION SUMMARY: Madison acquired a 30% interest in a prime high-street retail portfolio located in Oslo, Norway in joint venture with the existing sponsor Søylen Eiendom. Søylen and related companies previously held 100% of the assets. The portfolio, which is located in the premier shopping district of Oslo, includes EGER shopping center as well as a 50% interest in Steen & Strøm, Norway’s most established department store. This transaction not only provided the sponsor with the liquidity to strengthen their balance sheet, but also provided renewed strength to continue developing its commitment to luxury shops in central Oslo.