Schroders to acquire a majority stake in Pamfleet.

Schroders, a British multinational asset management company, agreed to acquire a majority stake in Pamfleet, an Asian real estate manager which has $1.1bn of assets under management across four funds. Financial terms were not disclosed. "Pamfleet is a high-quality business with a clear investment thesis and an experienced team of investment professionals. Since it was founded in 2000, it has had an excellent performance track record in some of the highest value and most dynamic real estate markets in the world. These markets are attractive to many of our partners and clients," Duncan Owen, Schroder Global Head of Real Estate.