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.
Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy. ...
While the Asia-Pacific region, excepting Japan, saw the world’s strongest dividend growth in the past decade, Australia has barely shown a...
One fund manager will release a new exchange-traded fund that will provide investors access to one of the fastest growing economies in the w...
Get notifications in real-time for staying up to date with content that matters to you.
