Columbia Threadneedle Investments has agreed to snap up Lionstone Partners, a US-based real estate investment firm, for an undisclosed sum.
Lionstone offers investment strategies based upon proprietary analytics. The firm reported around $6bn in assets under management as at 30 June 2017.
Lionstone will continue with its existing brand name and identity following the takeover, which is expected to be completed later in 2017. The firm will also retain its Houston headquarters and its existing executive team.
Lionstone CEO Jane Page will report to Columbia Threadneedle Investments CEO, Ted Truscott, post deal completion.
“We believe our broad institutional capabilities and relationships, together with our investment research insights, make this an excellent fit. Real estate is an important asset class for institutional and retail clients, and we are enthusiastic about the opportunity to further our capabilities in this growing asset class,” Truscott stated.