Almost $30 Billion in Transactions in 2017 Marks Record Year for CBRE Global Investors
20 Mar 2018
CBRE Global Investors completed $29.8 billion in transactions globally in 2017. This total volume represents a 36 percent increase over 2016.
Acquisitions totaled $15.6 billion during the year in which the firm raised a record $9.9 billion of capital. Dispositions totaled $14.2 billion as the firm selectively took advantage of strong buyer demand to benefit its clients.
“Our investment teams across the globe continue to be very active and have shown great discipline in completing an increased volume of transactions while staying consistent with our cycle-aware investment strategy,” said Ritson Ferguson, Chief Executive Officer and Chief Investment Officer of CBRE Global Investors. “We have had strong momentum raising capital and selectively deploying it in this competitive market. At the same time, we have been active asset managers executing our investment strategies and taking advantage of opportunities to sell stabilized assets.”
The firm continued to be most active in Europe with almost half of the firm’s transactions executed in that region. Total transaction activity in Europe totaled $14.8 billion with investments primarily in the retail sector followed by the logistics sector.
In the United States, transactions totaled $12.3 billion. Investments were primarily in the office and multifamily sectors, with increasing activity in the logistics sector. Emphasis was on highly amenitized transit-oriented locations in markets with strong employment growth and a technology focus.
Transaction volume in Asia totaled $2.7 billion in 2017, with activity in five countries across the region across all of the major property types.
With $6.3 billion in dry powder to invest at the start of 2018, CBRE Global Investors anticipates continued transaction momentum this year as it provides real asset investment solutions for its clients.
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $103.2 billion in assets under management* as of December 31, 2017. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2017 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.; operating companies and real estate related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.