Jersey-based fund, trust and corporate services provider Crestbridge has acquired the London-based real estate funds and financing firm Kingfisher Property for an undisclosed sum.
Kingfisher provides services to more than 100 UK real estate funds with assets under management of around £15 billion (€17 billion).
A rebranding of Kingfisher, planned for later this year, will bring the business under the Crestbridge brand and the team will also relocate to Crestbridge’s existing London office.
Crestbridge’s group managing director Paul Perris (pictured) said: “This acquisition represents a significant step forward in delivering our strategy to provide an enhanced and comprehensive range of services to our client base.
“Kingfisher Property’s services complement our real estate administration platforms in Jersey, London and Luxembourg and add further fund administration capability, including operator and depositary experience, to create a market leading offering.“
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