Acacia Point Capital to provide Fund Management services for 88-asset retail portfolio
Acacia Point Capital has been appointed to provide Fund Management services to three European property portfolios comprising 88 retail assets across five jurisdictions (Germany, Spain, Portugal, France, Italy).
The largest by value is PREF (Pillar Retail Europark Fund), which is majority owned by British Land and focusses on out-of-town retail parks in the Eurozone. The second portfolio is an institutional-backed co-mingled fund that invests exclusively in German retail parks and neighbourhood centres. The third portfolio is a separate account mandate that comprises twenty retail parks, two shopping centres and three single-let logistics assets all located in Germany.
Matthew Walker, Acacia Point’s Managing Director said “It is a fantastic start for the business to be entrusted with the management responsibility of such a vast portfolio of retail assets on behalf of several leading global institutional investors. This appointment recognises our team’s many years of good stewardship managing cross-border European real estate funds and acknowledges a well-established retail skill set and solid track record of driving value at asset level.”