Real Estate teams established in France and Germany

Sep 16, 2010

Global Real Assets has placed real estate teams in Frankfurt and Paris, located with the existing platforms.

LONDON 16 SEPTEMBER 2010: J.P. Morgan Asset Management — Global Real Assets announces that it has placed real estate teams on the ground in Frankfurt and Paris where they will sit with the existing platforms. The new locations have been established to manage existing properties in France and Germany as well as to facilitate the continuing search for investment opportunities in Europe.

The Frankfurt team is managed by Michael Ramm, Co-Head of Acquisitions for J.P. Morgan Asset Management’s European real estate group and the Paris team is managed by Jean-Philippe Vergnol, both of whom were previously located at J.P. Morgan Asset Management’s London offices.

Commenting on the move, Peter Reilly, J.P. Morgan Asset Management’s Head of Real Estate Europe said, “Locating teams on the ground in important markets like Paris and Frankfurt, means we are able to continue to serve our local clients well, manage our growing assets more closely and continue to expand in the region. We see Paris and Frankfurt as very important markets for us to continue actively seeking investments across the risk spectrum for separate account clients and investment strategies.”

In addition to the new locations, J.P. Morgan Asset Management’s European real estate group has also signed over 21,600 square metres on new leases of commercial properties across Europe during the second quarter of 2010, almost double the amount of space signed during the first quarter.

Talking about the plethora of deals recently signed, Reilly said, “During the second quarter, we saw strong leasing activity throughout our European portfolio but particularly in Germany, reflecting the underlying strength of the German economy and the value created through our asset management initiatives.”

J.P. Morgan Asset Management’s EUR 3.5 billion European real estate business has a strong presence in Europe, with offices located in London and Luxemburg since 1998 and institutional clients located across the continent. The integration of local teams demonstrate the group’s commitment to the real estate markets in these countries and their belief that there are ongoing investment opportunities in the region.

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About J.P. Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has approximately $44.6 billion in real estate and infrastructure assets under management, as of June 30, 2010.  With a 40-year history of successful investing and a staff of 362 professionals, J.P. Morgan Asset Management – Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients.  J.P. Morgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.

For further information please contact:
J.P. Morgan Asset Management
Jayne Fieldhouse
Telephone: +44 (0) 20 7742 8337
Email: jayne.e.fieldhouse@jpmorgan.com

Lansons Communications
Inez de Koning
Telephone: +44 (0) 20 7294 3623
Email: inezd@lansons.com

Notes to Editors
About J.P. Morgan Asset Management
J.P. Morgan Asset Management is part of J.P. Morgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.2 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at June 30th 2010) and offices in 41 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

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