The fund services provider Crestbridge has boosted its real estate offering with the acquisition of Kingfisher Property, a London-based real estate funds and financing firm, it announced on 14 March 2018.
The acquisition takes place with immediate effect following the consent of the Financial Conduct Authority, the regulator for financial services firms and financial markets in the UK.
According to Crestbridge:
“A full rebranding of Kingfisher Property is planned for later in 2018 to bring the business fully under the Crestbridge brand, when the team will also relocate to Crestbridge’s existing London office.”
Paul Perris, Crestbridge group managing director, said:
“This acquisition represents a significant step forward in delivering our strategy to provide an enhanced and comprehensive range of services to our client base. Kingfisher Property’s services complement our real estate administration platforms in Jersey, London and Luxembourg and add further fund administration capability, including operator and depositary experience with FCA authorisation, to create a market leading offering.”