CBRE Group announced on Friday that it has acquired Laxfield Capital, a real estate debt investment business with £818 mln (€954 mln) of assets under management in the UK.
Laxfield Capital will operate as part of the EMEA platform of CBRE Global Investors, CBRE’s real assets investment management business.
The acquisition is an important step in CBRE Global Investors’ strategy of offering clients an expanded array of real assets investment solutions in leading markets across the globe.
'With the acquisition of Laxfield Capital, we add in-depth knowledge of the commercial real estate debt business, an experienced team of professionals with a long-standing, excellent reputation and strong market profile,' said Sophie van Oosterom, CEO & CIO of CBRE Global Investors EMEA.
Laxfield’s executive team consists of Emma Huepfl as managing director, Alexandra Lanni as head of investments and Chris McMain as fund manager for debt investments. Laxfield’s founder Adam Slater will continue to chair the debt business in a consultancy role.
Marco Rampin, who joined the EMEA business earlier this year from CBRE Capital Advisors, will also join the team and will continue to focus on the Continental European debt business, where he already has a strong track record.
Laxfield’s leadership team jointly issued this statement, 'CBRE Global Investors is an excellent platform from which to serve our clients, accelerate growth and broaden our products into continental Europe. This felt like the right time for us to partner with the world’s leading commercial real estate services organization. We are excited to step into our new roles within CBRE’s Global Investors’ Debt Investments business.'
As of September 30, 2019, CBRE Global Investors had more than $106.2 bn (€97.3 bn) AUM and more than 800 employees worldwide.