Principal Global Investors (PGI), the asset management division of Principal Financial Group, has agreed to snap up Internos Global Investors, a London-based real estate fund and asset-management platform.

Internos has a workforce of over 100 scattered across its offices in Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan, in addition to its London base. As at 30 September 2017, the firm oversaw $3.25bn in assets.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The deal, whose financial terms were not disclosed, is pending regulatory nod.

Internos will retain its investment and management independence following the acquisition, and its investment teams. It will be rebranded as Principal Real Estate Investors Europe after the receipt of regulatory approval.

PGI COO Pat Halter said: “In addition to gaining a pan-European real estate platform, INTERNOS has local expertise and infrastructure in key European cities to grow our client base on the continent.”

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.