Schroders Capital has signed an outsourcing agreement with CBRE that will provide real estate fund administration services in the United Kingdom and Luxembourg.
Under the new agreement, CBRE’s investment accounting & reporting solutions (IA&R) group will provide fund accounting and administration services for approximately £11 billion ($14 billion) of Schroders Capital’s U.K.- (including Jersey) and Luxembourg-based real estate funds.
Schroders Capital’s real estate team manages more than 850 properties globally, totaling £27.5 billion ($35.7 billion) in global real estate assets under management.
CBRE IA&R provides integrated fund accounting services to developers, investors, and asset managers in more than 40 countries, and has more than £275 billion ($357 billion) in assets under administration. The group supports simple to complex fund structures, including closed and open-ended funds, public and private REITs, joint venture, and separat
