On February 6, 2018, Macquarie announced that it had signed an agreement to acquire GLL Real Estate Partners.
Under the terms of the agreement, Macquarie Infrastructure and Real Assets (“Macquarie”) will acquire GLL Real Estate Partners (“GLL”) for an undisclosed sum and GLL will become Macquarie’s real estate equity investment platform in Europe and the Americas, excluding Brazil. GLL will continue to operate under its own brand. Further terms of the transaction were not disclosed.
Macquarie, a division of Macquarie Asset Management of Macquarie Group and based in New York, is an infrastructure asset manager that specializes in providing investment opportunities in real assets, agriculture, real estate, energy, and agriculture. Macquarie has more than €94 billion in assets under management as of September 30, 2017.
GLL, based in Munich, is a real estate investment management group that focuses on commercial property portfolios in the international real estate sector. GLL has $8.66 billion in assets under management.
To read the press release: please click here.