CBRE Group has acquired Laxfield Capital, a U.K.-based real estate debt investment business with £818 million ($1 billion) in assets under management, CBRE spokeswoman Pam Barnett confirmed in an email.
As part of the deal, Laxfield Capital will operate as part of CBRE's Europe, the Middle East and Africa platform within the firm's real assets investment management business, CBRE Global Investors.
Laxfield's executive team consists of Emma Huepfl, managing director; Alexandra Lanni, head of investments; and Chris McMain, fund manager for debt investments. Laxfield's founder Adam Slater will continue to chair the debt business in a consulting role.
Marco Rampin, who joined CBRE's EMEA business earlier this year from CBRE Capital Advisors, will also join the Laxfield team and continue to focus on the continental European debt business.
CBRE Global Investors had more than $106.2 billion in AUM as of Sept. 30.