AEW opens new office in Madrid following a number of recent acquisitions in Spain
AEW announces that it has opened a new office in Madrid as a result of the growth in our assets under management in Spain. In the last two years, AEW has completed four acquisitions in the Spanish market representing a total value of €153mn. These acquisitions bring AEW’s total assets under management in Spain to €343mn. These investments have been made on behalf of a number of core and value add funds and mandates. AEW is targeting to increase the assets under management in Spain to more than €500mn in the next few years.
As part of increasing the firm’s presence in the Spanish market AEW has appointed Carsten Czarnetzki as Country Head of Spain where he will oversee the asset and investment management activities. Carsten will retain his role as fund manager of Europe Value Investors which also has investments in Madrid. Carsten will be based in Madrid and will report to Russell Jewell, Head of Private Equity Funds at AEW Europe.
Rob Wilkinson, CEO of AEW Europe commented: “We have been actively investing in the Spanish market over the last two years and expect our platform in that market to grow significantly over the coming years. Local asset management is key to real estate investment and opening the office in Madrid ensures that we have the right resource on the ground.”
A subsidiary of Natixis Global Asset Management
Privately-held French Société anonyme à conseil d’administration.
Real-estate investment manager under n°T 8324 delivered by the Prefecture de police de Paris
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