Orchard Street Investment Management (“Orchard Street” or the “Company”), the UK specialist commercial property investment manager today announces a new strategic partnership (the “Partnership”) with NAB Asset Management.
The strategic partnership unites Orchard Street and NAB Asset Management in an exclusive UK relationship, with NAB Asset Management acquiring a majority stake in Orchard Street from the existing partners. It also sees Orchard Street joining a stable of 12 other global asset managers at NAB who operate in all major asset classes.
Commenting on the announcement, Chris Bartram, Chairman of Orchard Street, said: “We are very pleased to welcome NAB Asset Management as a new partner as we celebrate our tenth year of operation. They bring with them significant investment expertise, a strong balance sheet and are a strong cultural fit for our business. We look forward to working with them as we continue with our steady path to growth by winning new mandates and growing AUM on behalf of our existing long term clients.”
Also commenting, Garry Mulcahy, Executive General Manager of NAB Asset Management said: “We have been looking for an opportunity to provide our clients with access to this asset class and are delighted to announce this partnership with Orchard Street.
“The partnership is consistent with our strategy of identifying and partnering with the best investment talent from around the world.”
Source: Orchard Street