Swiss Life Asset Managers acquires Mayfair Capital Investment Management Ltd.
Swiss Life Asset Managers acquires Mayfair Capital, an independent FCA regulated London-based real estate investment management company. Mayfair Capital currently manages approximately £1 billion in real estate assets as of 30 June 2016. The transaction strengthens Swiss Life Asset Managers’ regional position in one of the most important and liquid European real estate markets with attractive growth potential.
Mayfair Capital, an independent, owner-managed UK real estate investment management company, was founded in 2002 and is headquartered in London. The Mayfair Capital team comprises 16 staff based in London with £1 billion in real estate assets under management as of 30 June 2016. Mayfair Capital serves a diverse clientele with a focus on UK-based institutional investors.
The acquisiton is subject to regulatory approval and is expected to be completed in the fourth quarter of 2016. The Mayfair Capital brand remains unchanged. Both parties have agreed not to disclose the purchase price.
"The acquisition is an important step in our growth strategy involving one of our core strategic areas. With Mayfair Capital we can expand our regional presence and strengthen our position as one of the leading institutional real estate and asset manager in Europe. The transaction will also enable us to extend our existing client relationships and gain access to new clients. We look forward to working with the experienced Mayfair Capital real estate team," says Stefan Mächler, CIO of the Swiss Life Group.
James Thornton, Chief Executive of Mayfair Capital, comments: “The acquisition fits perfectly with our growth strategy, and is testament to the strength of the Mayfair Capital business, its investors and our team.
“With Swiss Life Asset Managers as its new owner, Mayfair Capital will be able to develop its business by entering new markets and launching new products. We are convinced that this will be very appealing and beneficial for our clients, and will give them the reassurance of continuity in how their assets are managed.”
In the UK, Mayfair Capital manages the Property Income Trust for Charities and is adviser to the Mayfair Capital Property Unit Trust (on behalf of clients of Schroder Real Estate Capital Partners) and Mayfair Capital Commercial Property Trust (on behalf of clients of Jupiter Asset Management). In addition, the business manages two residential debt funds where the investors are a combination of pension funds and high net-worth individuals.