Thu, 08/11/2018 - 10:05
AEW has further expanded its German business with the acquisition of Hypoport Invest from Hypoport AG, adding a German-regulated management capability (AIFM) to its pan-European investment and asset management platform.
AEW has transferred its existing team and business to the new subsidiary, which has been rebranded AEW Invest. This acquisition represents a further step in the growth of AEW’s German platform and ensures that the firm can offer its German clients a full range of real estate fund management services.
Since 2014 AEW has established a number of funds in Germany including Europe Value Investors and City Retail and has raised more than EUR1.5 billion of equity from over 40 German investors in that time. As well as these funds, AEW currently manages a number of separate account mandates on behalf of German institutions.
Rob Wilkinson CEO of AEW, says: “Germany is one of Europe’s most important real estate markets and, as with the wider platform in Europe, a key element to ensuring we can continue to grow operations is to be able to offer our clients a full range of services. The acquisition of this business takes us from being a pure asset manager to a fully regulated alternative investment fund manager, building on the momentum already achieved by Stephan Boenning and our team in Germany.”
Stephan Boenning, AEW’s Head of Germany, adds: “This acquisition allows us to combine our teams’ in-depth knowledge of the real estate market with the regulatory expertise of a fund management entity. This new fully integrated approach gives us a much more efficient and shorter time frame for bringing specialised products to market, as well as for fund and transaction management, whether through segregated accounts, club deals or regulated evergreen funds that match the specific requirements of our clients.”
Möhrle Happ Luther advised AEW on the transaction and the associated restructuring in cooperation with CMS Francis Lefebvre Avocats (France), Fidal (France), Ernst and Young Société d'Avocats (France) and King & Spalding (Germany).
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