Investment bank Rothschild has bought Cheshire-based property investment manager Lanebridge Investment Management.

Rothschild has taken a 51% stake in the company, which identifies property assets to buy then syndicates the equity to wealthy individuals, private pension funds and IFAs.

Three of the founding Lanebridge shareholders will remain with the business and retain a 49% stake. The price of the deal was not disclosed.

Lanebridge has sourced and syndicated the purchase and disposal of over £300m of commercial property in the last five years.

It recently acquired the property finance division of merchant bank Ansbacher & Co through Mitre Capital Partners, a joint venture with Alliance & Leicester and Rothschild.

Stan Annison, managing director of Lanebridge, said: ‘We see this investment in Lanebridge by Rothschild as excellent news for our respective clients, giving long term security to the business and an opportunity to expand our investment product base.

‘Funds under management will shortly total in excess of £500m and, with growth and continuing investor support, a figure in excess of £1bn is well within our reach.’