Schroders Capital’s real estate team establishes strategic partnership with CBRE to provide fund administration services
Schroders Capital’s real estate team has today announced it has signed an outsourcing agreement with CBRE, which will provide real estate fund administration services in the UK and Luxembourg.
Under the new agreement, CBRE’s Investment Accounting & Reporting Solutions (IA&R) group provides fund accounting and administration services for approximately £11.0 billion of Schroders Capital’s UK (including Jersey) and Luxembourg-based real estate funds.
The partnership follows the robust growth of Schroders Capital’s real estate activities, and will enable the firm to increasingly scale its services to meet client demands across its global product base.
Schroders Capital will benefit from CBRE's scalable accounting platform, deep administrative expertise, innovative technology platform and global footprint.
Sophie van Oosterom, Global Head of Real Estate, Schroders Capital, said:
“The administration partnership allows us to fully focus on - and flexibly scale - our fund and asset management expertise for our clients across the globe. We will continue to invest in our expert real estate teams on the ground, to source and deliver optimal risk adjusted investment opportunites to meet our clients objectives and ensure operational excellence in the execution of the business plans.”
Karen Archer, Global Chief Operating Officer, Global Real Estate at Schroders Capital, added:
“Importantly, we found a strong cultural fit between CBRE IA&R and Schroders Capital. We look forward to a successful long-term partnership.”
Jean-Francois Gillard, Global Head of CBRE IA&R, commented:
“We are thrilled to establish a long-term partnership with Schroders Capital, a leading provider of tailored real estate investment solutions, and are grateful for the trust they have placed in our expertise and capabilities. This partnership highlights our commitment to supporting our clients’ growth and success through our comprehensive suite of integrated accounting solutions.”
Schroders Capital’s real estate team manages over 850 properties globally. With c. £27.5 billion in global real estate assets under management*, it aims to offers tailored investment and asset management solutions to its clients and partners, delivering long-term sustainable performance through operational excellence with a hospitality-led approach.
CBRE IA&R provides integrated fund accounting services to developers, investors, and asset managers in more than 40 countries, and has over £275 billion in assets under administration. The group supports simple to complex fund structures including closed and open-ended funds, public and private REITs, JVs, and separate accounts, expanding across all asset classes, along with property and design and construction accounting.
*Assets under management as at 31 December 2023 (including non-fee earning dry powder and in-house cross holdings).
For further information, please contact:
Andy Pearce, Head of Media Relations | +44 20 7658 2203 | |
Rachael Dowers, PR Manager | +44 207 658 2086 | |
Justine Crestois, PR Executive | +44 20 7658 5186 |
Note to Editors
To view the latest press releases from Schroders visit: Media Centre | Schroders global
Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.
With $93.7 billion (£73.5 billion; €84.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as at 31 December 2023 (including non-fee earning dry powder and in-house cross holdings)
Schroders plc
Schroders is a global investment management firm with £750.6 billion (€866.2 billion; $956.9 billion) assets under management, as at 31 December 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.
Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.
Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.