Columbia Threadneedle Real Estate, the real estate investment and asset management specialist of Columbia Threadneedle Investments, has completed the merger of PATRIZIA Hanover Property Unit Trust into the Threadneedle Property Unit Trust, following approval from PATRIZIA Hanover Property Unit Trust shareholders. The transaction creates an enlarged, diversified U.K. real estate strategy with assets of approximately £1.5 billion ($tk billion).
The transaction reflects ongoing consolidation across the U.K. property funds market. Columbia Threadneedle was selected as the preferred long-term partner following a comprehensive review by PATRIZIA, assessing investor priorities, fund characteristics, portfolio fit and operational capabilities.
Both Threadneedle Property Unit Trust and PATRIZIA Hanover Property Unit Trust are long-established U.K. property funds, with PATRIZIA Hanover Property Unit Trust launche
