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Schroders snaps up German property boutique

UK asset manager expands into largest real estate investment market in continental Europe

Schroders, the UK-listed asset manager, has bolstered its real estate capabilities with the acquisition of a boutique property investment manager in Germany.

Schroders has bought Munich-headquartered Blue Asset Management, which oversees €1.2bn of assets on behalf of clients across Germany, Austria and Switzerland.

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