LOS ANGELES – February 15, 2017 – CBRE Global Investors completed almost $17 billion in transactions globally in 2016. This includes $9.0 billion in acquisitions as the firm deployed capital on behalf of funds and separate account clients and $7.8 billion in dispositions as it selectively took advantage of a healthy sales environment to realize value for its clients.
“With our global platform of on-the-ground real estate experts in more than 20 countries, we have the resources to evaluate opportunities in the markets where our clients want to invest with local contacts in their home countries to facilitate communications,” said Ritson Ferguson, Chief Executive Officer and Chief Investment Officer of CBRE Global Investors. “This has enabled us to source and execute on compelling strategic opportunities to invest the capital we raised in 2016, including cross-border capital. Additionally, as part of our client-driven approach to seek to deliver exceptional performance, we also took advantage of strong buyer demand to dispose of assets to benefit our investors.”
Ferguson also emphasized that the firm has been and will continue to be disciplined in its transaction strategies.
“As part of our being proactive portfolio managers, it is critical that we also are ‘cycle-aware’ in our strategies to create investment vehicles that meet our clients’ needs,” Ferguson said.
The firm continued to be most active in Europe with half of the firm’s transactions executed in that market. Total transaction activity in Europe totaled $8.4 billion with investments primarily in the retail and logistics sectors.
In the United States, transactions totaled $6.0 billion. Investments were primarily in the office and multifamily sectors, with increasing activity in the logistics sector. Emphasis was on markets that have strong employment growth and a technology focus.
Transaction volume in Asia totaled $2.4 billion in 2016, with activity primarily in the logistics sector.
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.6 billion in assets under management* as of December 31, 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 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 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.