Schroders completes acquisition of majority stake in Asian real estate investment manager Pamfleet
Schroders is today announcing that it has completed the acquisition of a majority stake in Pamfleet, an Asian real estate investment manager.
Pamfleet, which will now be renamed Schroder Pamfleet, has offices in Hong Kong, Shanghai and Singapore. It was founded in 2000 and currently has US$1.1 billion of assets under management across four funds.
Pamfleet’s entire team of 19 professionals will continue to work for Schroder Pamfleet.
This further reinforces Schroders’ private assets and real estate capabilities, and builds on the recent purchases of Blue Asset Management, the value-add real estate specialist in Munich, and Algonquin, the Pan-European value-add Real Estate Hotels team.
It also brings significant additional industry expertise and geographical reach into some of the largest and fastest growing Asian real estate markets which are attractive to Schroders’ global clients.
Duncan Owen, Global Head of Schroder Real Estate commented:
“We are delighted to today confirm the completion of this majority acquisition and the subsequent creation of Schroder Pamfleet. We are excited about the potential of this business, leveraging Pamfleet’s existing strong presence within the Asian real estate market and Schroders’ expertise delivering real estate and private assets investment solutions on a global scale.
“The Asian real estate market is exceptionally attractive to many of our partners, clients and prospective investors and this acquisition will therefore enable us to deliver extra choice and better meet their investment objectives.”
Andrew Moore, Head of Schroder Pamfleet said:
“Today marks a significant step in the development of Schroder Pamfleet, as this business officially joins forces with Schroders, which is renowned globally for offering outstanding client service and an excellent investment track record.
“Schroders’ heritage and international footprint, combined with Pamfleet’s local market knowledge, is an exciting prospect for our clients.”
Georg Wunderlin, Global Head of Private Assets at Schroders, said:
“We announced at the beginning of July that we had reached an agreement to acquire a majority stake in Pamfleet and I am delighted today that we have completed this transaction. Schroder Pamfleet brings a wealth of real estate investment experience in Asia which will help us drive the next phase in the growth of Schroders’ Real Estate and broader Private Assets platform. Schroder Real Estate is a core part of Schroders’ Private Assets business which is a key strategic growth priority for the firm.”
Hodes Weill Securities, LLC, acted as exclusive financial adviser to Pamfleet.
The contents of this document may not be reproduced or distributed in any manner without prior permission.
This document is intended to be for information purposes only and it is not intended as promotional material in any respect nor is it to be construed as any solicitation and offering to buy or sell any investment products. The views and opinions contained herein are those of the author(s), and do not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. The material is not intended to provide, and should not be relied on for investment advice or recommendation. Any security(ies) mentioned above is for illustrative purpose only, not a recommendation to invest or divest. Opinions stated are valid as of the date of this document and are subject to change without notice. Information herein and information from third party are believed to be reliable, but Schroder Investment Management (Hong Kong) Limited does not warrant its completeness or accuracy.
Investment involves risks. Past performance and any forecasts are not necessarily a guide to future or likely performance. You should remember that the value of investments can go down as well as up and is not guaranteed. You may not get back the full amount invested. Derivatives carry a high degree of risk. Exchange rate changes may cause the value of the overseas investments to rise or fall. If investment returns are not denominated in HKD/USD, US/HK dollar-based investors are exposed to exchange rate fluctuations. Please refer to the relevant offering document including the risk factors for further details.
This material has not been reviewed by the SFC. Issued by Schroder Investment Management (Hong Kong) Limited.