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Valad Europe acquisition by Cromwell Property Group completes

Valad Europe announces the completion of the process which started six months ago to select a new long-term owner. Cromwell Property Group has completed the acquisition of Valad Europe from senior management and Blackstone Real Estate Partners VI („Blackstone“) for a total consideration of €145 million.

Managing €5.3 billion of assets across 24 mandates in 13 European countries, Valad Europe provides Cromwell with an integrated pan-European real estate investment management platform that complements its existing funds management operations in the Asia-Pacific region and is consistent with its strategy of increasing the proportion of its total revenues derived from funds management activities globally.

Valad Europe will continu...[…]