Draycott has completed the acquisition of the entire share capital of Square Asset Management, SA, an independent manager of open-ended property investment funds in the Iberian Peninsula, with over €2.7 billion in assets under management and close to 35,000 investors reached through a large-scale banking distribution network. The financial details of the deal have not been disclosed.
Joao Coelho-Borges, CEO and founding partner of Draycott, said, “Square strengthens our presence in property investment, bringing scale, distribution and a significant investor base. The complementary nature of the two platforms allows us to capitalise on clear synergies in terms of product and market access, accelerating our growth. This is an important step towards building a leading platform in the alternative assets sector in Portugal.”
Pedro Coelho, CEO of Square AM, said, “Over the last 20 years, Square AM has built a reputation in the Iberian property investment fund market and is now, quite naturally, entering a new phase. It is time to renew our ambition and reinforce our commitment to the partners and investors who have stood by us.”
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