Schroders has announced the acquisition of Blue Asset Management (Blue) a German real estate business based in Munich. Established in 2009 by the three founding managing directors Dr Artus Pourroy, Dr Thomas Wiegelmann and Tino Lurtsch, Blue manages more than €1.2bn of assets on behalf of clients across, Germany, Austria and Switzerland. The deal takes Schroders real estate assets under management up to €4bn and its' real estate team over 40 people in Germany, Austria and Switzerland. The Blue portfolio consists of real estate investments across commercial and residential real estate ...
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