London
CBRE Global Investors Raises EUR 1 Billion for its European Value Add Fund Series
27 Sep 2018
CBRE Global Investors has held a final close for Europe Value Partners 2 (EVP2, or the Fund) with equity commitments totaling €1 billion. Capital was raised from a group of institutional investors from Europe, North America, Asia and the Middle East.
EVP2 is the continuation of the European value add series for CBRE Global Investors and is the second fund in the series. EVP2 pursues a reposition-to-core and develop-to-core strategy and has the ability to invest in all sectors with a Pan-European remit, which includes the UK.
The Fund has already committed €200 million of equity in three deals in the high street retail and logistics sectors, with a further investment due to close imminently. The countries targeted to date are Spain, Denmark and France.
Charles Baigler, Fund Manager for Europe Value Partners, commented: “This has been a truly global effort with capital raised on three different continents. We are delighted to receive this support from investors of such diverse geographies.
“We launched the Europe value add series three years ago and have demonstrated our ability to create value in the European market. We believe we have a competitive sourcing advantage due to the model we have adopted, which uses both in-house expertise spanning 15 countries across EMEA and selected local operating partners.”
Sophie van Oosterom, EMEA CEO of CBRE Global Investors, added: “Our operating model combines local teams with strong sector specific expertise. This in-depth sector knowledge assists the EVP2 team to thoroughly assess value add opportunities sourced both internally and by third parties throughout EMEA. The successful capital raise for EVP2 is a good example of the confidence our investors have in us to create consistent outperformance for them as a result.”
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $101.7 billion in assets under management* as of June 30, 2018.
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 premier, full-service commercial real estate services and Investment Company for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees in 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.
EVP2 is the continuation of the European value add series for CBRE Global Investors and is the second fund in the series. EVP2 pursues a reposition-to-core and develop-to-core strategy and has the ability to invest in all sectors with a Pan-European remit, which includes the UK.
The Fund has already committed €200 million of equity in three deals in the high street retail and logistics sectors, with a further investment due to close imminently. The countries targeted to date are Spain, Denmark and France.
Charles Baigler, Fund Manager for Europe Value Partners, commented: “This has been a truly global effort with capital raised on three different continents. We are delighted to receive this support from investors of such diverse geographies.
“We launched the Europe value add series three years ago and have demonstrated our ability to create value in the European market. We believe we have a competitive sourcing advantage due to the model we have adopted, which uses both in-house expertise spanning 15 countries across EMEA and selected local operating partners.”
Sophie van Oosterom, EMEA CEO of CBRE Global Investors, added: “Our operating model combines local teams with strong sector specific expertise. This in-depth sector knowledge assists the EVP2 team to thoroughly assess value add opportunities sourced both internally and by third parties throughout EMEA. The successful capital raise for EVP2 is a good example of the confidence our investors have in us to create consistent outperformance for them as a result.”
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $101.7 billion in assets under management* as of June 30, 2018.
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 premier, full-service commercial real estate services and Investment Company for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees in 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.