Columbia Threadneedle Real Estate wins mandate to manage Pan-European high-street retail portfolio
Columbia Threadneedle Real Estate has been appointed as the new manager of the City Retail Europe Fund, which consists of 23 high-street assets across 11 countries.
The mandate will be managed by Columbia Threadneedle Real Estate’s team based in France, which, through its Best Value Europe franchise, owns and manages 29 high-street retail assets in nine countries across Europe, occupied by some of the world’s leading high-end brands, including Brioni, Brunello Cucinelli, Rolex, Loro Piana, Christian Louboutin and Prada, among others. The addition of the City Retail Europe portfolio, valued in excess of €600 million ($631 million), takes the team’s assets to over 50 high street properties and more than €2 billion ($2.1 million) under management in high-street retail properties alone. Globally, this new mandate takes assets in the retail sector to more than €6 billion ($6.3 billion).
The properties held within the City Retail Europe Fund are located at some o