This article is from the Australian Property Journal archive
BROOKFIELD Asset Management has bought global real estate securities investment manager KG Redding.
Brookfield has acquired KG Redding for consideration including $US80 million cash and Class A limited voting shares of Brookfield and potential contingent consideration based upon future performance.
Based in Chicago, KG Redding has successfully developed a number of core domestic and opportunistic global strategies.
Additionally, in partnership with Australian-based investment manager AMP Capital Investors, the firm has responsibility for global real estate securities programs for Australian, Asian and North American investors.
KG Redding will continue to operate as an independently-run registered investment advisor and will continue to be led by its key executives, Kim Redding, Nicholas Tannura and Jason Baine
Brookfield Redding will have more than $US6 billion in assets under management.
The firm’s global business, known as AMP Capital Redding Investors, will also continue to manage global real estate securities programs through its regional offices in Chicago, London, Singapore and Sydney.
Australian Property Journal
