Wednesday, 15 April 2015
Cording expands into Benelux (NL)
Cording Real Estate Group, the UK and Northern European real estate investment management business, has expanded its platform into Benelux with the acquisition of Horizon Investment Management.
Horizon has a team of five, headed by Onno Scheij, based in Amsterdam. It will remain in its office at the World Trade Center and will change its name to Cording. The team manages €300 mln of assets for institutional investor clients, such as TH Real Estate. Peter Winstanley, the joint owner of Horizon, is retiring from the company.
The acquisition of Horizon increases Cording’s mandates, which comprise investment management, asset management and property management, to €2.4 bln. It now has 87 staff in nine offices in the UK, Germany, Denmark and the Netherlands.
Peter Dove, CEO of Cording, said: “Horizon is an outstanding firm with a high-quality institutional client base. Its incorporation within Cording will give us the platform to provide our clients and those of FORE Partnership with our fully-integrated services across Benelux”.
Onno Scheij, Head of Benelux at Cording, said: “The opportunity to join the Cording platform was compelling. The timing is opportune, as there is growing interest from institutional investors to increase their exposure to the recovering Benelux markets”.
Source: Cording Real Estate