Schroders Capital has agreed to buy Dutch real estate investment specialist Cairn Real Estate from MPC Capital.
MPC Capital said it is selling its shares in Cairn to Schroders Capital for a net purchase price of €30m. The deal marks MPC Capital’s exit from the Dutch real estate market.
Schroders Capital said the acquisition of the €1.3bn asset manager will expand Schroders Capital’s client offering in a key European growth market, “enhancing our access to Dutch real estate expertise with on-the-ground investment talent”.
Established in 2006, Amsterdam-Cairn specialises in a range of sectors including logistics, offices and healthcare. Cairn manages assets on behalf of institutional, family office and private equity investors across the risk spectrum.
Sophie Van Oosterom, global head of real estate, Schroders Capital, said: “This new partnership is an excellent fit with our existing business.
“There is a strong cultural alignment with Cairn, sharing Schroders Capital’s key focus on operational excellence, delivering long term sustainable outperformance for clients with a fully integrated approach to ESG into its investment process.”
Pieter Dalderop, the head of Benelux, Schroders, said: “This acquisition delivers a local presence and on the ground investment expertise to support our focus on working in partnership with our clients and investor base to offer market-leading real estate investment solutions.”
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