Schroders Capital to buy Dutch real estate investment platform

Schroders Capital to buy Dutch real estate investment platform

Schroders Capital has agreed to acquire Cairn Real Estate, a real estate fund and asset management business based in the Netherlands with €1.3 billion of assets under management, from MPC Capital, a German investment management group focused on renewables.

”The transaction comprises all shares in Cairn Real Estate BV, a wholly-owned subsidiary of MPC Capital. The net purchase price amounts to approx. €30 million,” said MPC Capital in a statement.

Established in 2006, Cairn manages assets on behalf of institutional, family office and private equity investors across the risk spectrum. Cairn specialises in a range of sectors including logistics, offices and healthcare.

Cairn Real Estate currently manages a real estate portfolio of approximately 900,000 sqm, consisting of office buildings, logistics/commercial, residential, retail and healthcare real estate.

Sophie Van Oosterom, Global Head of Real Estate, Schroders Capital, commented: “This new partnership is an excellent fit with our existing business. There is a strong cultural alignment with Cairn, sharing Schroders Capital’s key focus on operational excellence, delivering long term sustainable outperformance for clients with a fully integrated approach to ESG into its investment process. Cairn’s team has an excellent reputation with its clients and we are excited to welcome Cairn’s team and our new clients on board.”

Pieter Dalderop, Head of Benelux, Schroders, commented: “This acquisition delivers a local presence and on the ground investment expertise to support our focus on working in partnership with our clients and investor base to offer market-leading real estate investment solutions.”

The acquisition is expected to close in Q1 2022, subject to regulatory approval.