CBRE Investment Management Prepares Fund for Growth with Three New Finance Facilities

CBRE Investment Management (“CBRE IM”), on behalf of a fund sponsored by the firm (the “Fund”), has entered into €1 billion of new unsecured fund-level finance facilities as part of a revised debt strategy, supporting the Fund’s growth ambitions and allowing the Fund to diversify its capital stack.

The Fund is now supported by two sustainability-linked, flexible, unsecured fund level finance facilities: a €250 million revolving credit facility (RCF) to bridge equity and for general working capital purposes and a €300 million term loan facility to bridge medium-term debt to fund new acquisitions and developments. A third €450 million short-term bridge facility has been put in place as well. The three facilities have been provided by five strategic banking partners ABN AMRO, BNP Paribas, CA-CIB, HSBC and ING on an equal 20% stake.

Unsecured fund level debt enables the Fund to access the flexibility needed to acquire, develop, dispose of, and manage assets. The new finance facilities have lighter covenants and reporting requirements making them more efficient to manage while offering competitive pricing compared to secured asset level debt.

Tom Berens, Senior Director, Team Lead Treasury & Debt Financing, CBRE IM, said: “Having obtained these new scalable, flexible finance facilities and cementing strategic banking partnerships with five all-round banks, we can take the next step in the evolution of the Fund, positioning it for growth while ensuring the financial structure is resilient and aligned with the Fund’s long-term sustainability strategy.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.2 billion in assets under management* as of December 31, 2024, 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 2024 revenue). The company has more than 140,000 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.