Columbia Threadneedle Investments has formed a strategic real estate partnership with Aegon UK. The mandate, a commercial real estate portfolio valued in excess of €568.6m (£500m), will be managed by Columbia Threadneedle’s UK real estate team.
The new partnership recognises the strength and breadth of Columbia Threadneedle’s €10.2bn (£9bn) UK real estate capability, which is a central offering within its Global Alternatives platform. The mandate will be led by Jenny Hewitt, Portfolio Manager, and James Coke, Co-Head Institutional Real Estate, supported by the 120 strong UK real estate team.
Commenting on the partnership, Joseph Vullo, Head of UK Real Estate at Columbia Threadneedle Investments, said: "We are delighted to welcome Aegon UK as a strategic partner and look forward to demonstrating the expertise our real estate offering brings to clients.”
Stewart Bennett, Global Head of Alternatives at Columbia Threadneedle Investments, added: “Alternatives is a strategic growth area for Columbia Threadneedle and its expansion matches our clients’ increasing demand for less liquid, diversified investments. Our global real estate business remains central to helping us achieve our ambitions as we continue to extend the reach of our alternatives capabilities globally.”
