AEW completed €4.5bn of transactions in Europe in 2017, including €3.5bn of acquisitions. Assets under management increased by 6% during the year to reach approximately €28bn as at 31 December 2017, marking another strong year for the firm. Including the US and Asian operations, the firm manages approximately €60bn of assets globally.
AEW undertook 231 transactions across Europe, with acquisitions predominantly made in France, Germany, the UK, Italy, Spain and the Netherlands.
During the course of the year, AEW also raised more than €3bn of new equity for European strategies, which was committed by institutional and retail investors across various funds, separate accounts and club deals.
Sustainability and responsible investing continue to be a priority for AEW and, alongside ten other real estate firms it was a founder member of CIRCOLAB in 2017, an organization that advocates sustainable investing. Thierry Laquitaine, AEW’s Director of Sustainable Development, was appointed CIRCOLAB’s inaugural Chairman.
Rob Wilkinson, European CEO said: “2017 was a year of further growth for our European platform as well as operational consolidation following the merger with Ciloger. We had another strong year in terms of transactions volumes and capital raising and we plan to further develop our footprint across Europe in 2018.”