GLOBAL - Deutsche Bank has merged its worldwide property management companies into a single firm.
The new operation – DB Real Estate – includes Deutsche’s British, European, Australian and American property companies.
DB Real Estate managing director and global head Richard Gunthel said: “Each of the businesses that constitute DB real estate has its own franchise.
Our objective in integrating them is to enhance the value of each franchise by generating cross-border access to capital, deal flow and investment expertise.”
In the UK Deutsche will continue to focus on its pooled fund business – currently managing more than EUR1.4bn on behalf of UK pension funds.
By Jonathan Stapleton
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