CBRE Investment Management Acquires 10% Stake in Porterbrook, the UK’s Leading Rolling Stock Financier and Asset Management Company

CBRE Investment Management (“CBRE IM”) today announced that, on behalf of a client of its Private Infrastructure division, it has entered into a binding agreement to acquire a 10% equity stake in Porterbrook, one of the UK’s three major passenger rolling stock leasing companies and the second largest owner of passenger rolling stock in Great Britain.

Porterbrook owns and manages approximately 4,300 rail vehicles, representing around 25% of the national fleet. Its portfolio includes a predominantly electric fleet that serves major train operating companies across the UK network. The company has a long track record of delivering reliable, essential transport infrastructure through long‑term leasing agreements with rail operators, backed by the UK Government.

In recent years, Porterbrook has invested heavily in expanding its sector-leading maintenance capabilities, including its Long Marston Rail Innovation Centre, and is also at the forefront of rail decarbonisation. More than 70% of its fleet is zero-emission, alongside the active development of battery-electric and hydrogen-ready rolling stock.

Kerron Lezama, Managing Director, Private Infrastructure, CBRE Investment Management, said: “This investment demonstrates our commitment to high quality, essential UK infrastructure with strong contracted cash flows and clear sustainability leadership that underpins long-term economic growth. It supports the continued development of the next generation of rail infrastructure in the UK and aligns with our clients’ objectives of delivering long-term resilient returns.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.5 billion in assets under management* as of December 31, 2025, operating in 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 2025 revenue). The company has more than 155,000 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.