X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Macquarie Goodman Group has bought Arlington Securities for euro 297 million ($352 million). “This will make us the second largest business space specialist management platform globally,” Macquarie Goodman says.

The business park developer is being bought for euro 242 million ($287 million) while the investments in Arlington managed funds are being bought for approximately euro 96 million ($65 million). As part of the deal, Macquarie Goodman intends to invest an additional euro 297 million ($352 million) in seed capital to accelerate the establishment of new UK and European funds.

“This is an extremely exciting opportunity for us all at Arlington in terms of global synergies and growth prospects,” says Patrick Deigman, chief executive of Arlington Securities. “In terms of existing customers and clients, they can be sure that they will continue to receive the same excellent service and performance with our team now able to provide a wider range of investment and service products across a wider geographical spread with potential added benefits to them as we move ahead.”

Arlington has euro 9.9 billion ($11.8 billion) of funds under management including euro 4 billion ($4.7 billion) of business park and logistics accommodation.

The acquisition increases Macquarie Goodman’s business space funds under management by 75%. Completion is due at the end of December.

“This will make us the second largest business space specialist management platform globally,” says Greg Goodman, CEO of Macquarie Goodman. “In addition to the compelling commercial benefits, the deal is really based on the strong cultural fit with a similar customer philosophy. The Arlington staff [is] committed to the business and we look forward to realizing its full potential with the backing of the Macquarie Goodman balance sheet.”

Patrick Deigman will remain as CEO of Arlington Securities with a continued mandate spanning UK and Europe. He has committed to remain with the group for five more years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.