×
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 137 times

CBRE Global Investors Acquires Letnany Shopping Centre in Prague

​​CBRE Global Investors has acquired, on behalf of a separate account client, the Letnany Shopping Centre in Prague, Czech Republic. The vendor was Tesco.

Letnany is a well-established shopping centre, built in 1999, comprising 63,478 sq m of retail, 3,551 sq m of office space, 1,791 sq m where a petrol station is located and 3,200 parking spaces. 
 
The centre is anchored by Tesco’s flagship store in Czech Republic. The store has recently undergone a comprehensive refurbishment and is renowned for its innovative design. Tesco has committed to the centre by signing a long-term lease for the hypermarket and office space totally 16,315 sq m. 
 
There are 160 units and other tenants include Cinema City, H&M, C&A, Datart, Zara and SportsDirect. The scheme also benefits from a strong leisure offer including a skydiving arena, surf arena, and an aqua park within close vicinity.
 
“This acquisition is an excellent addition to our client’s real estate portfolio. It meets their investment criteria being a retail, trophy asset located in an established market. There are numerous asset management initiatives that we have identified including a significant refurbishment of the wider scheme. 
 
The leisure activities in the surrounding area complement the destination and encourage visitors to the scheme. All of these are positive contributors to an asset that we believe will perform strongly for our client “said Harald Flöer, Fund Manager, CBRE Global Investors.
John Mulqueen, Head of Transactions EMEA, CBRE Global Investors added: “CEE is a very important region for our business, our local team completed approximately €1bn of transactions during 2016. We continue to have a strong appetite for assets of this quality and a significant amount of capital to invest in the region on behalf of our clients during 2017.”
 
CBRE Global Investors was advised by Clifford Chance and CBRE. The seller was advised by Wilson & Partners and Cushman & Wakefield.
 
– ENDS –
 
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $88.7 billion in assets under management* as of September 30, 2016. 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.
Past performance is not a guarantee of future performance.
RELATED CONTENT