Real estate investment manager Feldberg Capital has acquired Brunswick Property Partners (BPP) in the UK, paving the way to expand its presence across Western Europe.
Frankfurt-based Feldberg said BPP’s founding partners David Turner and Will Amies will assume the roles of head of investment and head of business development at Feldberg, respectively, as part of the takeover.
Nordic real estate firm Brunswick Real Estate established BPP in 2017.
Feldberg said the acquisition was the first step in a plan to establish a company focused on “sustainable real estate developments and investments in Western Europe”. The initial target markets are Germany, the UK, and the Benelux countries.
The plan is to focus on investments across workspace, life sciences, logistics and residential, with a “particular focus on positive environmental impact and the surrounding community”, Feldberg said, adding that investments are planned for the next five years, and several properties are already undergoing due diligence.
Rodney Bysh, CEO of Feldberg, said Amies and Turner’s local presence and their connections to regional markets will help Feldberg expand its reach.
Bysh added: “We will undertake sustainable real estate developments throughout Western Europe, adhering to ESG principles and delivering value to both users and investors.”
Turner said: “The acquisition by Feldberg provides us with the opportunity to apply our expertise to a broader geographical area. Together, we aim to develop the strengthened Feldberg platform into a leading impact-oriented investor in Europe, with the possibility of acquiring additional European asset managers.”
Amies said since setting up BPP seven years ago, the company has built a team of 10 professionals with “experience in creating sustainable value for purpose-driven investors, as demonstrated by the AKOYA venture” with a portfolio worth over £500m (€584m).
“This transaction positions us strongly in the market, and as part of Feldberg, we will be even better positioned to seize future market opportunities.”
Financial details of the acquisition were not disclosed.
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