Financial services provider TIAA-CREF has acquired the remaining ownership interest in TIAA Henderson Real Estate (TH Real Estate).
TIAA-CREF purchased the remaining 40 per cent stake of TH Real Estate from its joint venture partner Henderson Global Investors.
The financial services firm paid 80 million pounds sterling for the $26 billion real estate investment management company.
TH Real Estate will operate as a stand alone subsidiary within TIAA-CREF’s Asset Management multi-boutique platform.
“The firm will continue to pursue value-add investment opportunities in all major sectors of commercial real estate and will have independent executive leadership and investment teams,” a TIAA-CREF statement said.
According to the statement, the completion of the acquisition supports the firm’s goal of providing diversified long-term investment opportunities to its individual and institutional investor client base.
Wilson Asset Management Active (WAM Active) has scrutinised investment firm Keybridge Capital’s conduct and corporate governance, as the t...
Roy Morgan figures have placed the proportion of the workforce that was unemployed in May at 14.8 per cent (2.09 million Australians), doubl...
Magellan Financial Group has rolled out its new active ETF after recording $288 million in net outflows in May, as institutional investors e...
Subscribe to our newsletter
Get notifications in real-time for staying up to date with content that matters to you.
