Investors - OCTOBER 27, 2016

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AEW Europe completes €24b merger

by Andrea Waitrovich

AEW Europe has completed its merger with Ciloger, creating one of the largest real estate asset managers in Europe with more than €24 billion ($26 billion) of assets under management. As a result of the transaction, Natixis Global Asset Management holds 60 percent of AEW Europe’s share capital, and La Banque Postale holds 40 percent.

Ciloger manages a number of retail funds with both diversified and sector specific strategies and has in excess of €5 billion ($tk billion) in assets under management. AEW Europe will merge its existing French retail investor platform, NAMI – AEW Europe, with Ciloger’s business to create the third-largest manager of retail funds in the French market. This reorganization will be subject to the appropriate consultation process in France. The combined retail platform will have access to the distribution networks of the BPCE Group and La Banque Postale, as well as investment opportunities sourced by AEW Europe&rsquo

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