Our Group

The Shaftesbury Asset Management Group (the SAM Group) is a leading independent and entrepreneurial European real estate investment, fund and asset management firm with offices in France, Germany, Switzerland, Luxembourg, The Netherlands and Jersey, with representation in Spain.

The Group is a subsidiary of Shaftesbury International Holdings (SIH). It is both controlled and lead by its Managing Partners (who together aggregate over 100 years European real estate experience) and is widely recognized in the market.

The Shaftesbury Asset Management Group operates principally in continental Europe, offering a complete range of services, as a "one-stop shop" with made-to-measure solutions in all major European markets for Clients and Partners.

Our mantra is to provide our Clients with the very best services and returns possible at all times.

Main Focus

The Shaftesbury Asset Management Group concentrates on the larger economies and markets in Europe, where it has extensive and broadly based experience across a large spectrum of real estate and related assets and activities, including direct investment in real estate (offices, retail, hotels, logistics, warehousing, light industrial and residential), listed real estate, loans (performing and non-performing), all types of distressed real estate and securitization.

Our business is based on delivering superior investment performance to our Clients through the sourcing and structuring of investment transactions. We achieve such performance by using a results-driven approach, coupled with innovative and pro-active asset management, together with a robust capacity for managing risk.

OUR APPROACH

Excellence

The Shaftesbury Asset Management Group takes great pride in the calibre of its team and their collective track record. Over the years it has focused on attracting and retaining the best minds in the business, with broad ranging experience in real estate.

The Client Comes First

For the Shaftesbury Asset Management Group the Client always comes first. Our business model is designed to serve the needs and achieve the objectives of our Clients. “Client First” means professionalism, dedication, application and trust, in order to foster a long-term relationship that creates value for both parties.

Value Creation

To create value for our Clients on a risk-adjusted basis, we focus first and foremost on acquiring high quality assets that are either distressed or under-managed, where value can be created. We then apply the expertise of our own team of asset management professionals to execute well defined strategies, agreed in advance with our Clients, including property upgrades, operating improvements, re-positioning or improved marketing strategies, in order to add value.

High Quality Assets

The acquisition of potentially high quality assets is one of the keys to our real estate investment strategy. Our investment experience has taught us that high quality assets in major markets, if possible with barriers to entry, have performed best in market downturns and out-performed the market in times of growth. As a consequence, such assets have historically remained liquid.

Pre-Emptive and Pro-Active

We offer a pre-emptive and pro-active asset management service, targeting value creation for our Clients and co-investors, and operate in the core, value added and opportunistic market segments.

Trust

The Shaftesbury Asset Management Group understands and prioritises the development and maintenance of a high level of mutual confidence with its Clients, and the importance of confidentiality to them.

KEY PEOPLE

Miles d’Arcy-Irvine

Chairman SAM Group

Nationality: British

Founder of SIH in 1983.

Over 40 years of diversified European real estate experience.

After 5 years as the Proprietary Managing Partner of Jones Lang Wootton responsible for the Firm's Continental European practice, Miles d'Arcy-Irvine founded Shaftesbury International Holdings (SIH) in 1983 as a Continental European commercial real-estate investment group, acquiring single assets and portfolios and developing offices, retail and warehousing in France, Germany, Spain and Italy. Between 1983 and 1990 SIH developed 350,000 m2 (GDP of € 1.5 billion), disposing of all assets before the downturn of 1990/1991. Between 1991 and 1994, SIH restructured several Property Groups such as Horsham Properties and The Trizec Corporation.

In 1995 SIH became the principal operating partner for Goldman Sachs and The Whitehall Funds in France, both creating an Asset Management Platform (Archon Europe) and investing in distressed debt and real estate. From 1995 to 2005 SIH acquired, as principal or in JVs with Whitehall, GE Capital, AXA, Nomura, Helaba and others, distressed debt and real estate assets for over € 3 billion GDP. In 2006, SIH purchased a listed company, Les Docks Lyonnais, in a JV with UBS, acquiring assets of over € 2.5 billion AIC. At this time Miles and Philippe Camus formed the SAM Group as an extension of SIH's activities. Miles speaks English, French, German and Dutch.

Philippe Camus

Partner / CEO SAM Group

Nationality: French

With SIH/SAM Group since 1989.

Over 20 years of diversified European real estate experience.

Following his Law degree from Paris University Philippe Camus joined the banking sector, working at BRED (Retail Banking), Européenne de Banque (Wealth Management) and Barclays Bank (French Real Estate Investment Vehicles). He joined SIH in 1989 working for its French development subsidiary CIPRIM. In 1992, he founded 2C2I, a real estate brokerage company, and ran AFI, a property management company. In 1995, parallel to these activities, he participated, along with SIH, in the creation of Archon as Director of Acquisitions (more than € 3.0 bn of NDP) until 1999.

Since 1999 Philippe has been very active in Shaftesbury's development and portfolio acquisitions with partners such as the Whitehall fund, GE Capital, AXA, Nomura, Helaba and others. From 2005 to 2008 he was Chairman and CEO of the listed company Les Docks Lyonnais, transforming it into a French REIT, in a JV with UBS. Since 2006 he is CEO of the Shaftesbury Asset Management Group, which is active in France, Germany, Switzerland, Luxembourg and Spain. He speaks French and English.

Yves Miorcec de Kerdanet

Partner / CEO SAM Switzerland

Nationality: French

Co-founder of SAM Switzerland in 2012.

Over 20 years of diversified European real estate experience.

After 6 years holding various positions in the real estate transaction sector in Paris, Yves Miorcec de Kerdanet moved to London in 1991, working for 5 years at Knight Frank's City Office and successfully developing a cross-border real estate investment activity. In 1997, leveraging his international experience, both in terms of cash flow analysis and real estate transactions, he joined the Archon Group in France, Goldman Sachs' specialised acquisition and asset management subsidiary, managing real estate and real estate-related activities for the Whitehall Funds in France, where he was responsible for the asset management team.

In 2000, Yves was approached by UBS Switzerland to set up a real estate investment team to provide a range of real estate services and investment solutions to HNW investors. The team grew rapidly and was extremely successful. In 2012, when Yves left UBS to join the Shaftesbury Asset Management Group, he was Head of Global Customized Client Mandates (GCCM) and a member of the UBS Global Real Estate Management Committee. He speaks French and English.

Laurel Polleys

Partner / Head of Asset Management

Nationality: America

With SAM Group since 1997.

Over 20 years of diversified US, French and German real estate experience.

Laurel Polleys joined the Shaftesbury Asset Management Group in Paris in 2001 prior to transferring to the Luxembourg office in 2007, where she is Group Head of Asset Management. Previously, she was Managing Director of the investment group at AXA REIM in Paris, after spending several years at Archon Group (France), Goldman Sachs’ specialised acquisition and asset management subsidiary, initially as Vice-President and subsequently as MD responsible for acquisitions.

She began her career in finance at Barclays Bank Plc in New York. Laurel graduated magna cum laude from St Lawrence University with a Bachelors Degree in Economics and was inducted Phi Beta Kappa. She is a member of the Cercle des Femmes de l’Immobilier and speaks English and French.

INVESTMENT HIGHLIGHTS

Avenue de Champel 8C

GENEVA - 2016

Acquisition of 3,600 m² of office accommodation in Geneva’s Champel neighbourhood, for a private investment vehicle.

20 Grosvenor Street

LONDON - 2016

Acquisition of a newly redeveloped 43,200 sq ft office and retail building in Mayfair, for a private investment vehicle.

Neuer Zollhof 3

DÜSSELDORF - 2016

Acquisition of a landmark 10,600 m² office building designed by Frank Gehry in Düsseldorf, for a private investment vehicle.

Bleidenstrasse 6-10

FRANKFURT - 2015

Acquisition of a 3,900 m² mixed-use property in a prime city centre location in Frankfurt, for a private investment vehicle.

Telefonica Portfolio

SPAIN - 2015

Acquisition, for the Shaftesbury Real Estate Partners 1 Fund, by sale and leaseback of a mixed-use city-centre portfolio (Madrid, Barcelona, San Sebastián and Alicante) totalling 20,000 m², for residential conversion at term.

Boulevard de La Tour 8-10

GENEVA - 2015

Acquisition of 7,000 m² of office accommodation in Geneva’s Banking district, for a private investment vehicle.

HQ Offices

GENEVA - 2015

Acquisition by sale and leaseback of HQ offices comprising 3,300 m², in Geneva’s banking district, for a private investment vehicle.

Diagonal Zero

BARCELONA - 2015

Acquisition for redevelopment as luxury condominiums, of a 20,000 m² residential project facing the Mediterranean Sea in the Diagonal Mar district of Barcelona, in JV for the Shaftesbury Real Estate Partners 1 Fund.

Calle José Abascal 48

MADRID - 2014

Acquisition for redevelopment as luxury condominiums of a 6,000 m² residential project in Madrid’s city centre, for a private investment vehicle.

Regent Hotel

BERLIN - 2014

Acquisition and asset management of a 5-star luxury hotel in the heart of Berlin, offering 195 guest rooms and suites, Michelin starred cuisine, banquet facilities and wellness centre.

Grand Hotel Kempinski

GENEVA - 2013

The asset management of the largest 5-star hotel complex in Switzerland, representing circa 68,000 m2 (with 365 rooms, 47 suites and apartments, 3 restaurants, 23 boutiques, a theatre, night club, residential and office accommodation and 497 public car parking spaces).

65-67, Ave. des Champs-Elysées

PARIS - 2013

Disposition in 2013 of a prime multi-use (office, retail and residential) real estate complex totalling 11,000 m2 located on the Champs-Elysées in Paris, France.

Tour Mozart

PARIS - 2009

The acquisition of the Tour Mozart, a turnkey office development of 43,027 m2 located in Issy-les-Moulineaux, France for Les Docks Lyonnais in a JV with the UBS Continental European Property Fund in 2009.

Altstadt Palais

MUNICH - 2007

The purchase of an 11,234 m2 office building in the CBD of Munich, Germany in a JV with the UBS Continental European Property Fund in 2007.

6-8, Blvd. Haussmann

PARIS - 2007

The acquisition of a 25,835 m2 office building, together with a conference centre and 157 car parking spaces, in the CBD of Paris, France for Les Docks Lyonnais in a JV with the UBS Continental European Property Fund in 2007.

Antony Parc

PARIS - 2006

The acquisition of an 18,835 m2 office complex in Antony, France for Les Docks Lyonnais in a JV with the UBS Continental European Property Fund in 2006.

Hermes

LYON - 2006

The acquisition for redevelopment of 50 retail units totalling approximately 20,000 m2 on the ground floors of 10 Haussmann buildings in the CBD of Lyon, France for Les Docks Lyonnais in a JV with the UBS Continental European Property Fund in 2006.

Skyper and Alkmene

FRANKFURT - 2006

The acquisition of the Skyper Tower and Alkmene office buildings in the CBD of Frankfurt, Germany, with EUR351.6 million of financing, in a JV with UBS Continental European Property Fund in 2006.

Les Docks Lyonnais

FRANCE - 2005

The acquisition of Les Docks Lyonnais, a listed French real estate investment company, with EUR58.8 million of financing, in a JV with UBS Continental European Property Fund in 2005.

DBREO 1 Portfolio

Germany - 2005

The acquisition of a portfolio of 10 diversified assets (comprising 3 shopping centres, 3 de-centralised "Big Box" retail units, 2 cinemas and 2 office buildings), located in West Germany in a JV with Nomura International Plc in 2005.

Sophia

France - 2004

The takeover of Sophia, a major French listed real estate company, organising the pre-sale of French real estate assets for approx. EUR1.0 billion to institutional purchasers (Union Invest, Fonciere-Lyonnaise, etc) as advisor for GE Capital Real Estate in 2004.

Le Valmy

Montreuil - 2004

The development of a 30,000 m2 office building with 540 car parking spaces on 4-16 Ave. Leon Gaumont in Montreuil Paris, France in a JV with Goldman Sachs Whitehall Funds in 2004

Magenta Portfolio

Germany - 2003

The acquisition of a portfolio of 16 assets located in secondary West German cities from Deutsche Telekom in a JV with Goldman Sachs Whitehall Funds and Deutsche Bank in 2003.

Avant-Seine

Paris - 2001

The speculative development of an award-winning 45,000 m2 office building in Paris, France in a JV with the HausInvest Group (Commerzbank) starting in 2001.

Credisuez La Henin

France - 2000

The acquisition of a distressed real estate and real estate debt portfolio from Credisuez, re-financed with FRF 1.7 billion of leverage, in a JV with Goldman Sachs Whitehall Funds in 2000.

Rue Edouard Vaillant

Boulogne - 1999

The speculative development of an 11,000 m2 office building in Boulogne, France in a JV with Goldman Sachs Whitehall Funds in 1999.

CDR Portfolio

France - 1999

The acquisition of a distressed real estate portfolio comprising 30 assets located primarily in Paris, France from the defeasance structure of the Credit Lyonnais in a JV with Goldman Sachs Whitehall Funds in 1999.

7-9, Place DIena

Paris - 1999

The speculative development of an 11,000 m2 CBD office building in Paris, France in a JV with Goldman Sachs Whitehall Funds in 1999.

Pierre 1

Paris - 1998

The acquisition from the Suez Group of 3 major Paris CBD office buildings, totalling in excess of 50,000 m2, in a JV with Goldman Sachs Whitehall Funds in 1998.

2, rue Lamennais

Paris - 1997

The acquisition in 1997, and speculative redevelopment in 2007, of a 3,500 m2 CBD office building with 25 car parking spaces in central Paris, France in a JV with Goldman Sachs Whitehall Funds.

8-10 rue Lamennais

Paris - 1997

The acquisition in 1997, and speculative redevelopment in 2002, of a 3,900 m2 CBD office building with 30 car parking spaces in Paris, France in a JV with Goldman Sachs Whitehall Funds.

UIC Sofal France

UIC-Sofal

France - 1997

The acquisition from the GAN of a French bank (UIC-Sofal), together with all its staff, assets and liabilities (including distressed French real estate and debt), in a JV with Goldman Sachs Whitehall Funds and GE Capital Real Estate in 1997.

UAP Portfolio France

UAP Portfolio

France - 1996

The acquisition of a French distressed real estate and loan portfolio from UAP, with FRF 3.2 billion of financing, in a JV with Goldman Sachs Whitehall Funds in 1996.

Credisuez Indosuez France

Credisuez Indosuez

France - 1996

The acquisition of a distressed real estate loan portfolio from Credisuez, with FRF 745 million of financing, in a JV with Goldman Sachs Whitehall Funds in 1996.

Calle Prim 19

Calle Prim 19

Madrid - 1991

The speculative development of a new 2,600 m2 CBD office building in Madrid, Spain in a JV with Rodamco in 1991.

Calle Marques de Cubas 21, Madrid

Calle Marques de Cubas 21

Madrid - 1991

The speculative development of a new 2,700 m2 CBD office building behind an existing facade in Madrid, Spain in a JV with Rodamco in 1991.

Valladolid, Spain

Valladolid

Spain - 1991

The speculative development of a 29,000 m2 regional shopping center with 1,600 car parking spaces in Valladolid, Spain in 1991.

Hansa Carree, Hamburg

Hansa Carree

Hamburg - 1990

The speculative development of a 41,295 m2 office complex with 645 car parking spaces in Hamburg, Germany in a JV with Hochtief and Veba in 1990.

36, avenue Pierre 1er de Serbie, Paris

36, avenue Pierre 1er de Serbie

Paris - 1990

The development of a new 15,000 m2 office and retail building behind an existing facade with 31 car parking spaces in Paris, France in a JV with Rodamco in 1990.

Neu Perlach Munich

Neu Perlach

Munich - 1988

The speculative development of a 5,800 m2 decentralised office building with 106 car parking spaces in Neu Perlach, Munich, Germany in a JV with IMRY International and Royal Trust Bank in 1988.

Paseo de Recoletos 29 Madrid

Paseo de Recoletos 29

Madrid - 1988

The speculative refurbishment of a CBD 3,000 m2 office building in Madrid, Spain in a JV with IMRY International and Royal Trust Bank in 1988.

88 rue de Rivoli Paris

88 rue de Rivoli

Paris - 1987

The speculative development of a 3,170 m2 office and 3,066 m2 retail CBD complex with 46 car parking spaces in a prime retail location in Paris, France in a JV with Norwich Union in 1987.

Calle Fortuny 6 Madrid

Calle Fortuny 6

Madrid - 1987

The speculative refurbishment of a 3,000 m2 CBD office building in Madrid, Spain in a JV with Rodamco in 1987.

West-End-Carree-Frankfurt

West End Carree

Frankfurt - 1987

The speculative development of a 34,000 m2 office complex together with 400 car parking spaces, on an island site in the West End of Frankfurt, Germany in a JV with Rodamco in 1987.

Haussmann Tronchet Mathurins Paris

Haussmann-Tronchet-Mathurins

Paris - 1987

The speculative refurbishment of a 7,300 m2 CBD retail and office complex in Paris, France in a JV with Rodamco in 1987.

Paseo de Castellana 19 Madrid

Paseo de Castellana 19

Madrid - 1986

The speculative refurbishment of a CBD office building of 6,000 m2 in Madrid, Spain in a JV with Rodamco in 1986.

Immermann Tower Dusseldorf

Immermann Tower

Dusseldorf - 1985

The speculative refurbishment of a CBD office building of 8,500 m2 on Immermann Strasse in Dusseldorf, Germany in a JV with IMRY International and Royal Trust Bank in 1985.

8 place dIena Paris

8, place dIena

Paris - 1984

The speculative refurbishment of a 6,000 m2 CBD office building in Paris, France in a JV with Arbuthnot Properties Ltd in 1984.

ASSETS UNDER MANAGEMENT