Dutch merchant bank Van Lanschot Kempen has sold Global Property Research (GPR), an Amsterdam-based global index provider specialising in real estate and infrastructure, to German benchmarking group Solactive.
Established in 1995, GPR has a long track record in the indexing business and is a registered benchmark administrator. The company ranks amongst the top global index providers in property and infrastructure research and provides its services to leading financial institutions.
It creates, calculates, maintains, and disseminates around 2,500 benchmarks based on seven flagship benchmarks, of which the majority is tailor-made to meet client specific demands.
Van Lanschot Kempen, the Netherlands’ oldest independent financial services company, said it was selling GPR to focus on its core business of wealth management. Following the deal with Solactive, GPR’s operations will be continued by its current employees within the German group.
Frankfurt-headquartered Solactive provides indices for a broad range of sectors and asset classes internationally. The company also has offices in Hong Kong, Toronto, Berlin, and Dresden.
Steffen Scheuble, CEO of Solactive, said the deal yields natural synergies for both parties. ‘We share a customer-centric and tailored approach to indexing with GPR. Building on this dynamic and bringing aboard GPR’s specialist knowledge in listed real estate and infrastructure will allow us to expand our disruptive approach to new areas of the index eco-system where clients can expect to see solutions carrying Solactive DNA: fast, flexible, and cost-efficient.’
Jeroen Vreeker and Floris van Dorp of GPR commented: ‘GPR continues to address trends that are reshaping investment management, including the growth of passive investing, the incorporation of sustainability factors, and the transition towards customization of benchmarking solutions catering to the needs of investors.
‘Together with Solactive, leveraging its solid position as index provider and strong international distribution capabilities, GPR is convinced that it can grow the business to the next level and become the partner of choice in the field of listed real assets.’