Shoosmiths secures English asset management brief for Union Investment
July, 2023 - Milton Keynes, England
Shoosmiths has been named as Union Investment’s new English asset management advisers.
The appointment will see the law firm advise on asset management matters across the investor’s English real estate portfolio – comprising a number of prime office and hotel assets focused within London, Birmingham and Manchester.
The Hamburg-headquartered investment manager has a total of €56.8bn of assets under management, with a portfolio of 493 properties located across four continents.
Peter McNamara, senior asset manager at Union Investment, said:
“We are delighted to commence a new working relationship with Shoosmiths and believe its focus on client care combined with commercial and strategic advice will enable us to execute increasingly complicated transactions in a swift and efficient manner.”
Nicole Garbers, senior legal counsel at Union Investment, said:
“The legal team is very much looking forward to working together with Shoosmiths and to maintain a close relationship.”
Marc Lauterfeld, general counsel real estate at Union Investment, added:
“Due to constantly changing aspects, such as sustainability and environmental protection for example, we are looking forward to new professional experience that ideally complements our expertise for the benefit of our investors.”
Leading the team advising Union Investment is Shoosmiths London real estate partner, Liam Phillips.
On the appointment, Liam Phillips, real estate partner at Shoosmiths, said:
“Union Investment is one of Europe’s leading real estate investment managers. Its UK real estate portfolio, in particular, features a range of high-quality assets – many of which are Grade A, rated BREEAM Excellent, and home to a growing list of multi-national corporates.
“This appointment will see Shoosmiths’ real estate team advise on asset management matters relating to Union Investment’s English portfolio. Our focus is on helping the firm deliver its strategy, ensuring it is securing a steady and sustainable income during all phases of a property’s lifecycle.”
