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CACEIS in Germany becomes the depositary bank of Cordea Savills’ real estate funds
Cordea Savills Invest GmbH, the investment company of Cordea Savills group, is going to transfer the Depotbank services for their real estate funds to CACEIS in the third quarter of 2013. The mandates transferred to CACEIS cover investments on a pan-European basis. “In CACEIS, we have found a partner for our real estate funds that convinced us with diverse services and an expertise corresponding to our needs,” says Hans-Dieter Martin, Managing Director of Cordea Savills Invest KAG mbH.
CACEIS successfully participated in a request for proposal by Cordea Savills. “We offer Cordea Savills cooperation based on both local and international partnership and will support the pan-European focus of Cordea Savills to its full extent,” states Dr Holger Sepp, Co-Head and Member of the Management Board of CACEIS in Germany.
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).
About Cordea Savills
Cordea Savills is an international operating real estate investment company with branches in London, Milano, Munich, Stuttgart, Düsseldorf, Hamburg, Stockholm, Luxembourg, Paris as well as in Hong Kong and Singapore.
Cordea Savills offers within the real estate business comprehensive asset and fund management services – single mandates as well as fund solutions for a variety of investors, including insurances, pension funds, charity organisations and family offices. The scope of investment styles ranges from core to opportunistic.
As per March 31st, 2013, Cordea Savills managed €4.3 billion of assets.
Cordea Savills is the brand name of the Cordea Savills Group. That includes Cordea Savills LLP, Cordea Savills Investment Management Limited, Cordea Savills Fund Managers (Luxembourg) S.à r.l., Cordea Savills Fund Managers (Jersey) Limited, Cordea Savills Advisors Srl, Cordea Savills SGR SpA , Cordea Savills GmbH, Cordea Savills AB, Cordea Savills SAS and Cordea Savills Invest GmbH.
Deputy Group Communications Director
Tel.: +352 4767 2792