CBRE Acquires UK Debt Platform Laxfield Capital
22 Nov 2019
CBRE Group, Inc. today announced that it has acquired Laxfield Capital, a real estate debt investment business with approximately GBP 818 million of assets under management in the United Kingdom.
Laxfield Capital will operate as part of the EMEA platform of CBRE Global Investors, CBRE’s real assets investment management business.
This acquisition is an important step in CBRE Global Investors’ strategy of offering clients an expanded array of real assets investment solutions in leading markets across the globe.
“With the acquisition of Laxfield Capital, we add in-depth knowledge of the commercial real estate debt business, an experienced team of professionals with a long-standing, excellent reputation and strong market profile,” said Sophie van Oosterom, CEO & CIO of CBRE Global Investors EMEA.
Laxfield’s executive team consists of Emma Huepfl as Managing Director, Alexandra Lanni as Head of Investments and Chris McMain as Fund Manager for Debt Investments. Laxfield’s founder Adam Slater will continue to chair the debt business in a consultancy role.
Marco Rampin, who already joined the EMEA business earlier this year from CBRE Capital Advisors, will also join the team and will continue to focus on the Continental European debt business, where he already has a strong track record.
Laxfield’s leadership team jointly issued this statement, “CBRE Global Investors is an excellent platform from which to serve our clients, accelerate growth and broaden our products into continental Europe. This felt like the right time for us to partner with the world’s leading commercial real estate services organization. We are excited to step into our new roles within CBRE’s Global Investors’ Debt Investments business.”
As of September 30, 2019, CBRE Global Investors had more than USD 106.2 billion (EUR 97.3 billion) AUM and more than 800 employees worldwide. With offices in 22 countries globally, CBRE Global Investors offers a comprehensive range of real assets investment solutions, positioned along the risk/return spectrum.
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About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.2 billion in assets under management* as of September 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.
Certain of the statements in this release regarding the planned acquisition of Laxfield Capital (“Laxfield”) that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Laxfield with CBRE Global Investors’ existing operations in the United Kingdom and to offer real estate investors an expanded investment offering in Europe, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2018 and Form 10-Q for the quarter ended September 30, 2019. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at [email protected]"