CACEIS wins another Savills mandate

CACEIS has won the battle to be the depositary for six Savills real estate funds in Germany worth a total volume of EUR 4.1 billion, fighting off competition from several German depositaries. It expects the migration to be complete by the end of this year.

Said Richard James, chief financial officer of Savills Investment Management: “CACEIS already provides depositary services for a range of investment funds in our portfolio and we are very satisfied with the value and quality of their services as well as their expertise in the real estate field. For these reasons, we have selected CACEIS as the depositary for the entire fund portfolio.”