CBRE Investment Management Awarded £500 Million Global Real Estate Mandate by Wales Pension Partnership

CBRE Investment Management has been awarded a £500 million global real estate mandate by the Wales Pension Partnership. The mandate will see CBRE Investment Management leverage its extensive global team and operating partner network to access a wide range of high-quality real estate assets across regions and sectors. This mandate builds on CBREIM’s existing global real assets relationship with WPP, following WPP’s investment into the CBRE Global Infrastructure Fund last year.

This announcement follows the previous news that CBREIM was appointed as the real estate manager for the ACCESS Pool, managing a c.£1.65 billion UK Real Estate mandate and a £750 million Global Real Estate mandate.

Councilor Elwyn Williams, Chair of Joint Governance Committee, WPP said: “The appointment of CBRE Investment Management as Global Real Estate Manager completes WPPs real estate offering and is an example of WPPs commitment to working with specialist managers within each of the relevant sub sectors across Private Markets.”

Achal Gandhi, Chief Investment Officer, Indirect Strategies at CBRE Investment Management said: “We are thrilled to expand our strategic partnership with WPP following this appointment. This mandate, alongside a number of other LGPS pool mandates that we are working on, underscores the importance of the LGPS to our platform and our commitment to delivering tailored investment strategies that align with the long-term objectives of this client base.”

Catriona Buckley, U.K. Client Solutions at CBRE Investment Management, added: “This appointment is a testament to the long-standing relationships CBRE IM has sustained with a number of the Welsh constituent authorities and underscores our dedication to providing bespoke client solutions. We look forward to fostering strong partnerships and continuing to drive value for our LGPS clients.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $142.5 billion in assets under management* as of June 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

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Assets under Management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate related loans. AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.