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Schroders Capital to buy Dutch real estate specialist

Fund and asset manager Cairn Real Estate has been sold to Schroders Capital for an undisclosed sum.

The deal expands the UK-headquartered firm’s client offering in the Netherlands, which it describes as a “key European growth market”.

“[The acquisition enhances] our access to Dutch real estate expertise with on-the-ground investment talent to meet the growing investment demand from our institutional investors,” Schroders Capital said.

Cairn was set up in 2006, reported AUM of €1.3bn as of June 2021 and comprises a 26-strong team, co-headed by Pieter Akkerman, Maarten Briët and Sven van Loon. It is headquartered in Amsterdam, with a satellite office in Haarlem.

A Schroders spokesperson confirm the Expert Investor that Akkerman, Briët and Van Loon “will remain integral to the future growth of the business”.

The firm is being sold by MPC Capital, a German investment management group focused on renewables. Subject to regulatory approvals, the sale is expected to close in the first quarter of 2022.

Key focus

Sophie Van Oosterom, global head of real estate at Schroders Capital, commented: “This new partnership is an excellent fit with our existing business. There is a strong cultural alignment with Cairn, sharing Schroders Capital’s key focus on operational excellence, delivering long term sustainable outperformance for clients with a fully integrated approach to ESG into its investment process.

“Cairn’s team has an excellent reputation with its clients, and we are excited to welcome Cairn’s team and our new clients on board.”

Pieter Dalderop, head of Benelux, Schroders, added: “This acquisition delivers a local presence and on the ground investment expertise to support our focus on working in partnership with our clients and investor base to offer market-leading real estate investment solutions.”

Kirsten Hastings

Kirsten is international editor of Expert Investor and International Adviser. She joined Last Word Media in October 2015. Kirsten has a Masters in Financial Journalism from the...

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