RBC wins Madison International mandate 17 February 2016New York Reporter: Becky Butcher
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RBC Investor & Treasury Services has been selected by Madison International Realty to manage its fund administration, depository and shareholder services in support of its closed-end Irish collective asset management vehicle (ICAV) real estate fund.
Madison is headquartered in New York with additional offices in Frankfurt and London. Its European investments have included Statoil’s headquarters in Oslo, Houndsditch Estate in London, the Trianon office tower in Frankfurt and the Chrysler East building in New York.
In addition, Madison closed a 35.4 percent ownership interest in Ireland’s Stephen’s Green Shopping Centre in late 2015.
Alex Lukesch, director of Madison International Realty, commented: “We are pleased to appoint RBC Investor & Treasury Services as custodian and fund administrator for our ICAV real estate fund. This fund structure, coupled with the strength of the RBC team, positions us well for future investments in Ireland and other parts of Europe.”
Kevin O’Neill, managing director of asset managers at US RBC Investor & Treasury Services, added: “Being able to service private equity funds that have exposure to assets such as real estate, infrastructure and private loans is a key component of our value proposition to US asset managers. We are delighted to be appointed by Madison International Realty in support of their closed end ICAV.”
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