M&G plc today announces that its Real Estate business has acquired a majority stake in BauMont Real Estate Capital Limited (BauMont) – a leading European investment manager specialising in value-add strategies.
The acquisition underpins M&G’s strategy as it seeks to strengthen its position as a leader in European private assets through selective bolt on acquisitions.
Established in 2017, BauMont has offices in Paris and London with €1.5 billion of assets under management and a management team with an investment track record of more than 20 years. Value-add investments are different to core real estate strategies as they usually require action such as redevelopment or refurbishment to achieve higher returns.
BauMont’s 18-strong team will join forces with M&G’s £40 billion global real estate business to expand its client proposition beyond core real estate and enable investment throughout the property cycle – unlocking potential returns through active management. In turn, BauMont will benefit from M&G’s significant European real estate platform, alongside its global distribution capabilities that have been expanded in recent times to meet the growing needs of institutional investors in Europe and Asia.
Source: mandg.com on the 4th of November, 2024
https://www.mandg.com/news-and-media/press-releases/mandg-plc/2024/04-11-2024