FREO has further expanded its European presence by acquiring the French asset management company, Atemi, which is based in Paris with an additional office in Marseille.
Atemi has been engaged in managing a diverse set of real estate assets across France for a variety of clients since its inception in 1992 peaking at €3.5bn of assets under management.
Atemi, now operating under the FREO Group umbrella, is currently managing office, retail, development and residential assets will continue to do so under FREO’s ownership keeping constant focus on its existing client base.
This acquisition is FREO’s latest step in establishing a best in class pan European asset management platform in Germany, the UK, France, Spain, Italy, Switzerland and Luxembourg.
Guy Deboisgrollier and Emanuele Dubini, respectively former and new CEO of FREO’s France operations, state: “This is an exciting next step in the life of our company. Our new owner, FREO Group, is dedicated to growing our asset management business and we are delighted to be part of the new project”.
Matthias Luecker, Chairman and CEO of FREO Group, agrees: “Establishing a pan European asset management platform is a strategic goal for FREO – this transaction is a very important step towards achieving this goal and we are delighted to welcome our new colleagues to FREO”.