LOS ANGELES – March 4, 2014 – A collection of large Asian insurance companies has awarded a $200 million discretionary global mandate to CBREGlobal Investors’ Separate Accounts Group to build a core/core+ real estate portfolio in the United States and Europe.
The mandate, which is expected to grow over time, will target both debt and equity investments across property sectors in the Top 25markets in the United States and large urban zones in the United Kingdom,France and Germany.
CBRE Global Investors has seen significant growth in its separate accounts platform, which provides clients with more customization and control over how their capital is invested.
In 2013, the firm raised $3.3 billion ofcapital for separate accounts, including $1.2 billion to be investedcross-border. Asian investors have been particularly active deploying capitalvia separate accounts in Europe and the U.S.
“Investors are increasingly diversifying their real estate portfolios by looking abroad,” said Matt Khourie, Global Chief ExecutiveOfficer of CBRE Global Investors. “Due to our broad geographic scale and consistent regional competencies, we are a global leader in separate accounts and have a unique advantage to migrate capital across borders efficiently and effectively.”
“Having real estate experts based in the client’s home country helps facilitate communications in the same language and time zone. This, coupled with on-the-ground experts in the target markets, allows for best-in-class execution,” said Peter Di Corpo, Americas Head of Separate Accounts for CBRE Global Investors. “Working with my counterparts in other regions, we were able to create a seamless global solution.”
Other key team members involved in this mandate include Richard Price, Asia Pacific CEO; JamesClifton-Brown, EMEA Head of Separate Accounts; Jeff Torto, who serves as the overall portfolio manager; and Andy Glanzman, who spearheaded the debt elementof this mandate.
About CBRE GlobalInvestors
CBRE Global Investors is a global real estate investment management firm with $89.1billion in assets under management* as of December 31, 2013. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
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 approximately 44,000 employees in more than 350 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, pleasevisit www.cbreglobalinvestors.com.
*Assets under management(AUM) refers to fair market value of real estate-related assets with respect towhich CBRE Global Investors provides, on a global basis, oversight, investmentmanagement services and other advice, and which generally consist of propertiesand real estate-related loans; securities portfolios; and investments inoperating companies, joint ventures and in private real estate funds under itsfund of funds program. This AUM is intended principally to reflect the extentof CBRE Global Investors’ presence in the global real estate market, and itscalculation of AUM may differ from the calculations of other asset managers.