Henderson acquires French property business
Henderson Global Investors’ €15bn (£11.7bn) property business has acquired the privately-owned Horizon Investment Management France SAS.
The group said the acquisition was part of Henderson Property’s aim to double its French property assets under management by 2015. Horizon France comprises advisory services for a €250m Luxembourg closed-ended real estate fund and seven asset management contracts to manage 25 properties.
As part of the acquisition, Henderson Property will take on six employees from Horizon France.
Peter Winstanley’s company Winstanley & Associates, which acts as president of Horizon France, will take on the role of president for Henderson Global Investors (France) SAS.
Thibault Ancely, country head director of Horizon France, will be appointed head of Henderson Property France. This will enable the combined business to manage the existing assets and provide the skills and capacity to meet growth expectations, the group said.
The combined team of 13 at Henderson Property France will manage the transferring mandates.
Mike Sales, chief investment officer and managing director of Henderson Property, said: “The acquisition is consistent with our proven strategy of acquiring or co-investing alongside and working with partners who can strengthen our position within a particular sector or geography.”