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30 January 2017 – Investment Europe
Property manager AEW Europe has opened an office in Madrid following its acquisition of four assets in Spain for €153m over the last couple of years.
AEW Europe has made these acquisitions for several core and value add funds and mandates. The real estate manager’s assets under management in Spain have reached €343m and the firm has set itself an AUM target of around €500m over the next few years.
AEW Europe has appointed Carsten Czarnetzki as Head of Spain. In this role, he will oversee the company’s investments and asset management in the country. He will retain his role of portfolio manager of the Europe Value Investors fund.
Based in Madrid, Czarnetzki will report to Russell Jewell, Head of Private Equity Funds at AEW Europe.
Original story: Investment Europe (by Adrien Paredes-Vanheule)
Edited by: Carmel Drake