Partners Group to spend USD220 million on Miami residential tower

26. Jun 2026

(AWP Alliance News) - Partners Group Holding AG on Friday said it will invest USD220 million in a new residential development in Miami.

The Baar, Switzerland-based private equity firm noted that the tower will be part of a Breitling-branded project in Miami's Brickell neighbourhood, under Partners Group's "B Residences" strategy, which it describes as "a lifestyle-led residential real estate offering".

Construction is slated to start in late 2028, and completion is targeted for 2031. The 70-story tower will be developed by Zug, Switzerland-based real estate investor Empira Group, which Partners Group acquired last year for an undisclosed sum.

Approximately 300 condominiums will go on sale in the new tower, along with penthouse units, and the architecture firm Arquitectonica will also collaborate on the project.

"Miami is one of the fastest growing cities in the US and continues to benefit from an evolving economic and social landscape, with a growing number of international corporations and high-net-worth individuals relocating to South Florida," Partners Group said.

It will offer exposure to the B Residences strategy for US and non-US investors, with eligible existing real estate products also able to allocate to the strategy, the firm added.

Alfred Gantner, co-founder of Partners Group and chair of Breitling, commented: "This is a highly differentiated branded residences strategy, with the long-term private capital, development expertise, and brand coming from within the same group. B Residences represents a compelling new chapter in Breitling's story... We look forward to working with Empira Group and Breitling on bringing this strategy to market."

Partners Group shares fell 1.1% to CHF640.00 on Friday around noon in Zurich, and are down 37% over the past year.

Earlier this month, the PE firm responded to media reports that it is considering additional liquidity restrictions on or freezing its evergreen vehicles, amid an uptick in redemption requests.

Partners Group said it has "no intention of altering any documented liquidity mechanisms and has no plans to freeze any of its evergreen vehicles, given their portfolios are healthy and they have sufficient liquidity in line with the target allocations."

By Holly Munks, Alliance News reporter

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