News Briefs: Family office puts real estate assets up for sale, US group buys London MFO, Family-backed PE firm considers listing

Family office puts $300 million property portfolio on the market

The Trawalla Group has placed a A$300 million mixed property block on the market in Australia. The 7700sq m site covers a block in central Hobart, the capital of the state of Tasmania, and includes two office buildings, a five-star hotel, and various retail outlets.

Developed over the past seven years by the Trawalla Group and two property companies, the site is expected to attract investors from outside of Australia, according to local reports. 

US wealth manager buys London storied multi-family office

Tiedemann Constantia, the international operations of Tiedemann Advisors, a US-based investment and wealth advisory group, has bought London-based multi-family office Holbein Partners, subject to UK regulatory approval. 

Holbein Partners was set up in 2010, and merged with Cunningham Loewenstein Asset Management and the wealth management business of MaxCap Partners in 2013. At the time its backers included Prince Rupert Loewenstein, famous for managing the money of the Rolling Stones. 

After his death in 2014, Prince Rupert’s daughter Princess Maria Loewenstein became a shareholder. Steven Blakey, founder of European Credit Management, and Michael George, founder of MaxCap – the family office he established following the sale of his family’s Weetabix business – are also shareholders. 

Terms of the deal weren’t disclosed. 

Family-backed private equity group looks to go public

L Catterton, the private equity firm backed by French billionaire Bernard Arnault and his family, is considering going public, according to reports. 

L Catterton manages more than $28 billion in assets and has invested in more than 200 retail businesses across the world. It was created in 2016 as a joint venture between Greenwich, Connecticut-based private equity firm Catterton and Groupe Arnault, the Arnault’s family holding group.