This article is from the Australian Property Journal archive
VALAD Property Group’s European business, Valad Europe plc has been appointed as the new investment manager of European Commercial Real Estate Limited.
ECRE, formerly known as Kenmore Europe Limited, owns a €250 million ($A373 million) portfolio comprising 53 properties spread across the Nordic region, Germany, and The Netherlands.
Valad has secured a five year mandate to provide investment management services for the mixed commercial portfolio. Base fees are in line with current mandates and include performance fees for value creation.
Australian Property Journal
