Swiss Life Holding Ltd. unit Swiss Life Asset Managerswill acquire Mayfair Capital Investment Management Ltd., an independentowner-managed real estate investment management company based in London.
The purchase price was not disclosed.
The acquisition is subject to regulatoryapproval and is expected to be completed in the fourth quarter. The MayfairCapital brand will remain unchanged, and James Thornton and Robert Palmer willremain as CEO and chief investment officer, respectively.
Founded in 2002, Mayfair Capital has 18directors and staff and had about £1 billion in real estate AUM as of June 30.In Britain, it manages the Property Income Trust for Charities and acts asadviser to the Mayfair Capital Property Unit Trust and Mayfair CapitalCommercial Property Trust.