Bentall Kennedy and GreenOak announce merger closing

Bentall Kennedy and GreenOak announce merger closing

BentallGreenOak anounced the closing of the merger Tetragon Financial Group Limited’s GreenOak Real Estate and Sun Life Financial Inc.’s North American real estate and property management firm, Bentall Kennedy. The combined Bentall Kennedy and GreenOak entity is named BentallGreenOak.

BentallGreenOak is an affiliate of SLC Management, an institutional alternatives asset management business of Sun Life, comprised of the SLC Management Fixed Income Business and BentallGreenOak.

Sun Life Financial Inc. also announced today the completion of its acquisition of a majority stake in BentallGreenOak.

“We’re excited about the completion of the BentallGreenOak acquisition and increasing our global real estate investment footprint. This acquisition adds organizational depth and a full spectrum of solutions including equity and debt real estate strategies, while adding to the capabilities of our alternatives manager, SLC Management,” said Dean Connor, President & CEO of Sun Life.

Gary Whitelaw (CEO), Sonny Kalsi (President), and John Carrafiell (Senior Managing Partner of BentallGreenOak’s UK and European business) stated, “We are very pleased to have received strong support for the merger from our respective investor clients and our employees in Europe, North America and Asia. As BentallGreenOak, we are committed to continuing to deliver strong investment performance and innovative investment, asset management and real estate operations strategies.”

The combined BentallGreenOak investment platform, with head offices in New York, Toronto, London and Tokyo, and real estate investment professionals in 22 offices worldwide, serves over 750 institutional clients with approximately U.S.$46 billion in assets under management.

SEE ALSO : Global real estate assets under management reaches €2.8tn in 2018