US asset manager the Townsend Group has announced the opening of its European office in London. Townsend currently provides real estate, real asset and infrastructure advisory and investment services for institutional clients in North America, Asia and Europe. The allocations that Townsend advises on total more than $100 bn.

US asset manager the Townsend Group has announced the opening of its European office in London. Townsend currently provides real estate, real asset and infrastructure advisory and investment services for institutional clients in North America, Asia and Europe. The allocations that Townsend advises on total more than $100 bn.

The firm has hired Adam Calman as a Principal and head of Europe. Most recently Calman was an equity partner with global real estate advisor Cushman & Wakefield. He was the co-head of the London-based corporate finance team and specialisd in advising institutional investors on their investment strategy in both indirect real estate vehicles and in derivative products.

Terry Ahern, CEO of Townsend, said, 'We believe Townsend is uniquely positioned to bring both a global perspective and global access to European institutional investors.'

Townsend has provided real asset advisory services to more than 150 institutional investors since its formation in 1983.