Magellim Group completed the acquisition of Turgot Asset Management.

Magellim Group, a real estate investment and asset management group, completed the acquisition of Turgot Asset Management, an asset management firm. Financial terms were not disclosed. “This acquisition provides a unique opportunity to bolster Magellim’s position as a leading values-driven player in the nationwide real estate and real estate investment market. Turgot AM’s expertise will further strengthen our capabilities, our asset class range, and our offering at large. Above all, we are committed to offering opportunities to invest in innovative, responsible projects with a meaningful impact on tomorrow’s communities," Steven Perron, Magellim CEO.