Swiss Life Asset Managers to acquire Mayfair Capital

Mayfair Capital Investment Management is to be bought by Swiss Life Asset Managers – part of the Swiss Life Group. Mayfair Capital currently has around £1bn of real estate assets under management. It will continue to trade as Mayfair Capital in the UK, while James Thornton and Robert Palmer will remain as chief executive and chief investment officer. The total pan-European business created will have £55.3bn of real estate assets under management and administration. Swiss Life said the acquisition of a UK property fund manager has been a key business objective. It has bought similar businesses in France and Germany. Palmer said: “Swiss Life AM is highly focused on real estate investment, and with planned co-investment capital and support from Swiss Life AM funds we can accelerate the growth of our business. In the UK, Mayfair Capital manages the Property Income Trust for Charities and is adviser to the Mayfair Capital Property Unit Trust, for clients of Schroder Real Estate Capital Partners, and Mayfair Capital Commercial Property Trust for clients of Jupiter Asset Management. Swiss Life AM has the ability to provide co-investment and long-term capital to new funds and is expected to invest in new funds that Mayfair Capital launches. The acquisition is subject to regulatory approvals and is expected to complete in the final quarter of the year. • To send feedback, e-mail alex.peace@estatesgazette.com or tweet @EGAlexPeace or @estatesgazette