By Guy Montague-Jones2019-07-04T07:52:00
AXA IM has agreed to acquire NorthStar Realty Europe, the owner of a €1.1bn portfolio that includes Condor House and Portman Square House in London.
The deal follows a strategic review by NRE that kicked off at the end of last year, in the wake of pressure from activist investor Senvest Management, which called for action to tackle the company’s persistent discount to NAV. NRE also cut ties with its asset manager Colony Capital, which Senvest Management said was partly to blame for the discount because of the fee arrangements.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.