Cromwell Property Group, the Sydney-listed REIT, has completed the integration of Valad Europe into the wider group as part of its global rebranding.
'Our additional scale, geographic spread and access to capital as part of Cromwell, combined with our European track record of creating value and delivering superior risk-weighted returns throughout the real estate investment cycle, has enhanced our ability to partner with institutional investors from around the world,' commented David Kirkby, CEO Europe, Cromwell Property Group.
Since acquiring the European investment manager in 2015, Cromwell has grown its business and assets under management with the addition of several new mandates and the launch of the Cromwell European Cities Income Fund (CECIF), the group’s first European open-ended institutional core fund.
'At the heart of our European business remains our skilled teams of local real estate professionals, dedicated to sourcing and executing smart investment and asset management deals on behalf of our clients. It is this unique corporate and individual knowledge that is integral to defining our bottom-up approach to investment and is key to defining our ‘House View’ of the most compelling investment opportunities in Europe,' Kirkby added.
Cromwell’s European funds management platform currently manages €3.3 bn of real estate assets and investment capacity in both funds and mandates. The platform covers approximately 270 assets and 2,900 tenants, managed by local teams totalling around 180 people in 21 offices and 13 European countries.
