AEW UK is an affiliate of AEW Global, one of the world’s largest and most established real estate investment managers. AEW UK is a 50:50 joint venture between the AEW UK management team and AEW Global’s European operation, AEW Europe. As at 30 September 2016, AEW managed €19.3 bn of real estate assets in Europe. AEW Europe is a subsidiary of

Natixis Global Asset Management Natixis Investment Managers is an American French-based global asset management company that claims USD $1389.7 billion in assets under management as of December 31, 2020. The company has headquarters in Paris and Boston and it is the second bigg ...

(NGAM), the asset management platform of the

Natixis Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of ''Natexis Banques Populaires'' (Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Epargne ...

group. NGAM is the 14th largest, asset manager in the World and the second largest in France. Natixis’ previous investments include

Bernie Madoff Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American fraudster and financier who was the admitted mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDA ...

’s notorious Bernard L. Madoff Investment Securities LLC.

UK funds

The UK funds managed by AEW include the AEW UK Core Property Fund, the AEW UK South East Office Fund, the AEW UK Real Return Fund and AEW UK REIT plc. AEW UK

REIT A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...

was ranked 21st out of 50 UK listed property related

investment funds An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

by total shareholder return in 2016 by Property Week. The underlying assets in these funds range from a Gala Bingo Hall in Borehamwood, to the Ryde Arena on the Isle of Wight.

Controversies

In October 2016 AEW UK closed Ryde Arena, an

ice skating Ice skating is the self-propulsion and gliding of a person across an ice surface, using metal-bladed ice skates. People skate for various reasons, including recreation (fun), exercise, competitive sports, and commuting. Ice skating may be per ...

rink on the

Isle of Wight The Isle of Wight ( ) is a county in the English Channel, off the coast of Hampshire, from which it is separated by the Solent. It is the largest and second-most populous island of England. Referred to as 'The Island' by residents, the Isle of ...

which was being run by a local community group, without notice. Children expecting to attend regular

hockey Hockey is a term used to denote a family of various types of both summer and winter team sports which originated on either an outdoor field, sheet of ice, or dry floor such as in a gymnasium. While these sports vary in specific rules, numbers o ...

and skating practice found themselves locked out of the building. The building remains closed and AEW have not disclosed their plans for the building. Members of the Isle of Wight skating community formed The Ryde Arena Community Action Group which is campaigning to have the building re-opened. The building was listed as an asset of community value in January 2016. Stories highlighting the impact of AEW’s actions on children on the Island feature on the Action Group’s website. In June 2016 a planning application submitted by AEW UK for 76 flats in

Bournemouth Bournemouth () is a coastal resort town in the Bournemouth, Christchurch and Poole council area of Dorset, England. At the 2011 census, the town had a population of 183,491, making it the largest town in Dorset. It is situated on the Southern ...

's Beales store was unanimously rejected after a campaign by locals and the owners of Beales backed by Conor Burns MP. The 65 studio and 11 one bedroom flats with no parking which were described by AEW UK as "an

environmentally sustainable Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livin ...

approach" which "made the best use of the building" were rejected by councillors as "shabby" and "appalling".

References

{{reflist Property companies of the United Kingdom