Following the grant of FCA approval on November 1st, the acquisition of the specialist UK real estate investment management company, Mayfair Capital Investment Management by Swiss Life Asset Managers has now completed.
The acquisition brings together Mayfair Capital - which currently has around £1bn of real estate assets under management – with a pan-European business. Mayfair will continue to trade as Mayfair Capital in the UK, James Thornton will remain as Chief Executive and Robert Palmer, Chief Investment Officer.
James Thornton, Chief Executive of Mayfair Capital, comments: “We are very pleased that regulatory approval has been granted after less than a month as it enables us to immediately move forward with our growth strategy. This new context for the business will provide our clients with access to a wider range of investment solutions across the major European markets and an investment platform with significantly enhanced distribution reach”.
The acquisition brings together real estate teams in Switzerland, Germany, France and the UK creating a pan-European business with some £55.3bn (CHF69.7bn) of real estate assets under management and administration.