UPDATE 1-Aon to buy real estate investment firm Townsend from Colony NorthStar [Reuters]
COLONY NORTHSTAR INC (CLNS)
Last colony northstar inc earnings: 5/10 06:30 am
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Source: Reuters
Aon to buy real estate investment firm Townsend from Colony NorthStar | Reuters 2 Min Read NEW YORK (Reuters) - Insurance broker Aon Plc ( AON.N ) said on Friday it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc ( CLNS.N ) for $475 million, helping expand its property investment management portfolio. Aon has been tweaking its portfolio this year. In May it closed a deal to sell its benefits administration and HR outsourcing to private equity firm Blackstone Group ( BX.N ) for $4.8 billion. Headquartered in London, Aon is a risk management, insurance and reinsurance brokerage, and also provides human resources solutions and outsourcing services to companies in more than 120 countries. The Townsend deal will boost Aon’s outsourced chief investment officer services by adding more real estate investments. The company’s investment arm has more than $100 billion of assets under management. Townsend’s chief executive, Terry Ahern, will con
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