Real estate asset management specialist Reech AiM Group has acquired Aurea Real Estate, an investment and advisory firm with offices in Paris and Madrid, through its subsidiary Reech REIM.

Aurea Real Estate was founded in 2009 and has €100 million (about $133 million) in assets under management. Reech REIM will now comprise Aurea's indirect real estate team, which currently manages the Iceberg Fund, and the private equity real estate team. As part of the acquisition, Maxime Barkatz, founder of Aurea, has joined Reech AiM as a partner.

“A two-speed market has developed with core investments being treated by investors as an inflation hedge and a means of providing capital protection, and secondary investments being characterised by illiquidity and a lack of financing,” said Christophe Reech, chairman and chief executive at Reech AiM. This is providing opportunities which we are excited to be exploring, and we expect to announce developments in due course.”

Reech AiM Group's corporate headquarters are in Luxembourg. The firm was founded in 2006 and serves wealth managers, family offices, high net worth individuals and institutional investors.