Frankfurt/London, 27th July 2023 – Feldberg Capital GmbH (Feldberg), an independent real estate investment manager based in Frankfurt, has acquired Brunswick Property Partners Ltd (BPP) in the UK. David Turner and Will Amies, founding partners of BPP, will assume the roles of Head of Investment and Head of Business Development at Feldberg respectively.
Rodney Bysh, CEO of Feldberg, comments: “Will Amies and David Turner’s local presence and their connections to regional markets will help us expand our reach. We will undertake sustainable real estate developments throughout Western Europe, adhering to ESG principles and delivering value to both users and investors.”
Feldberg’s goal is to establish a strong company focused on sustainable real estate developments and investments in Western Europe. This acquisition marks an important initial step on this path. Feldberg will concentrate on sustainable investments across the workspace, life sciences, logistics, and next-generation residential properties, with a particular focus on positive environmental impact and the surrounding community. The initial target markets are Germany, the United Kingdom, and the Benelux countries. Extensive investments are planned for the next five years, and several properties are already undergoing due diligence.
David Turner, now Head of Investment at Feldberg, explains: “The acquisition by Feldberg provides us with the opportunity to apply our expertise to a broader geographical area. Together, we aim to develop the strengthened Feldberg platform into a leading impact-oriented investor in Europe, with the possibility of acquiring additional European asset managers.”
Feldberg’s major shareholder, Turkish ESAS Holding, will provide extensive financial support to the company, as previously announced. The deal will give Feldberg newly acquired ESG expertise enabling the business to develop and implement brown-to-green strategies, converting older and less sustainable properties into modern, energy-efficient ones. This includes the continuation of BPP’s AKOYA venture, which invests in the sustainable refurbishment of workplaces in London neighbourhoods in partnership with a leading sovereign wealth fund.
Will Amies adds: “Since setting up seven years ago, we’ve built a highly skilled team of ten professionals with experience in creating sustainable value for purpose-driven investors, as demonstrated by our AKOYA venture with a portfolio worth over £500 million. This transaction positions us strongly in the market, and as part of Feldberg, we will be even better positioned to seize future market opportunities.”