×
Triangles background

OUR COMPANY AFFILIATES

CBRE GROUP

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 90,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #146 in 2019. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

INVESTMENT SERVICES

CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $106 billion in assets under management.

Built up over more than 40 years, our unparalleled platform is focused on real assets, giving our institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific. Our clients benefit from a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies.

Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.The CBRE Global Investors and Trammell Crow Company platforms make up the Real Estate Investments division of CBRE Group.

The Real Estate Investments division is led by
Danny Queenan, Global CEO, Real Estate Investments.

BLOGS

Regularly released content on the state of the real estate and infrastructure industry are produced by our subject matter experts and shared on their blogs. A selection of them can be found below.

Triangles background

Viewed 959 times

CBRE Global Investment Partners and Curlew sell 75% of First Student Accommodation Portfolio

LONDON, 06 February 2018 – CBRE Global Investment Partners has completed the sale of approximately 75% of the Curlew Student Trust portfolio, comprising purpose-built student accommodation throughout the UK.

The 15 student accommodation assets (5,407 beds) in the sale portfolio are located in 12 strong university cities across the UK including London, Birmingham, Bath, Durham and Sheffield. The sale also includes land in Swansea that is consented for the development of student accommodation.
Curlew Student Trust (“CST” or “the Fund”) was launched in 2013 as a seven year fund, with three seed assets, backed by clients of CBRE Global Investment Partners and managed by Curlew Alternative Asset Management (“Curlew”). The Fund’s strategy to acquire and forward fund high quality purpose built student accommodation has been successful with CST seeing significant growth, expanding to 20 assets (6,254 beds) with a further five assets (1,014 beds) due to be completed for the start of the 2018/19 academic year. Given the strong performance of the Fund and the fulfilment of its objectives to date, a decision to sell approximately 75% of the portfolio was taken.
The sale of the portfolio was completed on 1 February 2018.
CST is retaining approximately 25% of its total portfolio and this will continue to be managed by Curlew. Furthermore, following the success of CST, CBRE Global Investment Partners and Curlew have launched a second venture in the UK student accommodation sector, Curlew Student Trust 2 (“CST 2”). CST 2 will follow a similar strategy to its predecessor fund and already has two seed assets (917 beds) under offer for delivery in 2020.  The follow on fund also has an active pipeline of opportunities.
Alex Bignell, Region Head of UK, CBRE Global Investment Partners said: “It is very satisfying to have established a successful programmatic venture with a leading student operator, Curlew, in a sector of the market where CBRE GIP identified a compelling investment opportunity. We are very pleased with the returns generated for our clients to date. CBRE GIP and Curlew see further opportunities in the sector and look forward to working on these together.”
Paul Oliver, CEO, Curlew Alternative Asset Management said: “The Curlew team are delighted to have crystalized this exceptional performance for our investors and look forward to the completion of the retained element of the portfolio and the success of the newly launched second fund.”
Curlew Student Trust was advised by Savills, CMS and PWC on this important transaction in the UK student accommodation market.
– ENDS –
 
Notes to Editor
For further information:
Lisa Ramsay
CBRE Global Investors
Pan European Press Officer
Phone: +44 (0) 7557 815 083
Paul Oliver
CEO
Curlew Alternative Asset Management
Phone: +44 (0) 07850 556625
About CBRE Global Investment Partners
CBRE Global Investment Partners (“GIP”) is a division of CBRE Global Investors that delivers investment solutions customised for clients’ individual objectives, using private funds, club deals, secondaries, co-investments and programmatic ventures, partnering with leading operators for each strategy. Investments cover the risk spectrum from core to enhanced and use a variety of investment vehicles based on clients’ preferences.
GIP had equity AUM of $20.5 billion* at September 30, 2017. Clients invest via separate accounts, which have a regional or global remit, and GIP’s pooled funds. Pooled solutions include a global perpetual core fund and regional enhanced return funds.
CBRE Global Investment Partners Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA).
*Assets under management (AUM) includes investments in programs managed by the direct side of the CBRE Global Investors. APAC AUM is included in both Direct and Indirect Real Estate.
About Curlew Asset Management
Curlew Alternative Asset Management (CAAM) is a third party investment manager of alternative assets, building on the proven success of its professional team in the same areas of expertise in previous property cycles.
We concentrate on specialist or alternative sectors of UK and European real estate which are under-exploited, immature and where first or early mover advantage can reap better returns.
For further information please visit www.curlew-aam.com
Curlew AAM business stream include:
Curlew Student Trust
Curlew Student Fund Netherlands
Curlew Opportunities
Curlew Communities
 
RELATED CONTENT