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Alternative Market Briefing

Schroders acquires majority stake in Asian real estate investor Pamfleet

Thursday, July 02, 2020

Laxman Pai, Opalesque Asia:

British asset manager Schroders will acquire a majority stake in $1.1 billion Asian real estate investor Pamfleet.

Schroder Real Estate, with $21.4 billion in assets under management, did not disclose financial details and the size of the stake.

Pamfleet is a value-added real estate money manager with offices in Hong Kong, Shanghai, and Singapore. Its $1.1 billion in assets are managed in four funds, the most recent of which closed last year at $450 million.

"Pamfleet's strong presence complements the existing Schroders offering within Real Estate and Private Assets to provide extra choice for new and existing investors," said Duncan Owen, Global Head of Schroder Real Estate.

Following completion, the entire Pamfleet team of 19 professionals will remain with the organization, which will be renamed Schroder Pamfleet.

There will be no changes to the management of the existing Pamfleet funds, and the investment team will have access to the broader investment capabilities and distribution network of the wider Schroders business.

The board will comprise of Andrew Moore and Singuz Lo, alongside Duncan Owen, Melinda Knatchbull, Chief Operating Officer of Real Estate at Schroders and Amy Cho, Chief Executive Officer of Schroders Hong Kong.

The acquisition reinforces Schroders' private assets and real estate capabilities, building on the recent purchases of Blue Asset Management, the value-add real estate specialist in Munich, and Al......................

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