Amsterdam, 31/03/16 – CBRE Global Investors has successfully completed the strategic review of the CBRE Dutch Retail Fund, making it the “Retail Fund of Choice” for investors seeking exposure to retail via a high quality diversified portfolio of shopping centre formats in prime locations across the Netherlands.
The restructuring of the Fund has resulted in a modernisation of the fund’s structure and terms and conditions. The new fund for joint account, CBRE Dutch Retail Fund (“CBRE DRET FGR”) was established on Tuesday 1 March 2016.
With this restructuring, we believe to have created a solid platform for the CBRE Dutch Retail Fund, with a simplified debt and transparent fund structure, state of the art terms, facilitating benchmarking and secondary trading and as a result an enhanced liquidity provisions.
This has improved liquidity for investors and helped position the fund to capitalise on future value growth and acquisition opportunities in the Dutch retail market.
The CBRE Dutch Retail Fund is the largest institutional non-listed retail investment vehicle in the Netherlands, and this scale offers both excellent diversification and economies of scale. The fund is the leading investor in Dutch inner city shopping centre schemes including Beursplein, Rotterdam, Heuvel Galerie, Eindhoven and Mosae Forum, Maastricht, as well as being a significant investor in urban district shopping centres, convenience centres and large-scale speciality centres.
The fund has an excellent track record and outperformed the IPD/ROZ Dutch Retail Benchmark on a 3-, 5-, and 10-year average. It is also a leading provider of sustainable retail products in its peer group and was ranked first in its peer group in the annual Global Real Estate Sustainability Benchmark (GRESB). The fund was awarded a Green Star by GRESB in 2014, which recognises strong green policy and implementation.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $89.0 billion in assets under management* as of December 31, 2015. 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 more than 70,000 employees in more than 400 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 estate-related assets 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 estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.