LOS ANGELES – November 6, 2017 – CBRE Global Investors today announced the final closing of CBRE Asia Value Partners IV with equity commitments totalling $1 billion from 21 institutional investors in the Americas, Asia Pacific and EMEA. This includes equity commitments to the fund and to its co-investment vehicles.
Asia Value Partners IV, which is now closed to new investors, is a continuation and evolution of the firm’s regional value-add investment programs. The fund’s investment strategy is to create core logistics assets through value-add investment initiatives or de-risked development in the most liquid markets in Asia Pacific as well as selective investments in other sectors and opportunities which offer compelling income returns or mispricing.
Asia Value Partners IV and its co-investment vehicles are expected to have total purchasing power of more than $2.5 billion, including leverage. To date, the investment team has acquired or committed to $1.1 billion of real estate through five investments, primarily in logistics assets in Japan, China and South Korea.
“Forecasts of private consumption growth in Asia Pacific are notably higher than in other major regions,” said Adrian Baker, Chief Investment Officer-Asia Pacific, CBRE Global Investors. “Additionally Asia Pacific e-commerce sales as a percentage of total retail sales are the highest of all major regions and are expected to continue to grow at a faster pace. These factors support the case for investment in modern logistics facilities across the region.”
“We expect to enhance value through a disciplined, cycle-aware investment and operations strategy,” said Richard Price, Chief Executive Officer-Asia Pacific, CBRE Global Investors. “We have already made substantial progress in the execution of our strategy and thank our investor partners and their consultants for the confidence they have placed in us through their commitments to this fund.”
Currently CBRE Global Investors has $10 billion in AUM invested in the Asia Pacific markets in both public market real estate equity and core and value-added private equity real estate funds and separate accounts.
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $98.3 billion in assets under management* on a combined pro forma basis, as of September 30, 2017, to reflect the completion of the acquisition of a majority stake in Caledon Capital Management Inc.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). 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 75,000 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.