Fund manager Henderson Group has made a sortie across the Channel to acquire privately owned property asset management outfit Horizon Investment Management France SAS.
Founded in 1998, Horizon focuses on advising on asset management in the French property market and comprises a €250m Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.
Henderson did not reveal how much it is paying for the company but did disclose that Horizon has gross assets of €3m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Henderson said the acquisition will complement its own expertise within retail property.
JH
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
