One of the world’s largest real estate investors now with its own KVG.
CBRE Global Investors announces the successful launch of its own German fund management company (KVG) CBRE Global Investors Kapitalverwaltungsgesellschaft (KVG) having recently obtained the necessary approvals to manage alternative real estate investment funds under German law. This license now enables the German business to launch its first club deal for German Investors.
The investment strategy for the fund is to acquire office and retail properties in Germany’s top seven cities in locations that are expected to benefit from urbanisation and in properties with appreciation potential under a “manufacture-to-core” approach. “We will buy existing properties in urban locations and modernise these through revitalization and repositioning. In this way, we are able to generate attractive returns while building a long-term core portfolio,” explains Marius Schöner, country manager of CBRE Global Investors Germany.
He added: “With the KVG, we are now able to offer German investors the possibility to invest by way of our own dedicated German fund management vehicle. In this way, we combine our real estate management expertise with the administrative capabilities for running a German real estate fund,”
The fund has already been successful in attracting investment from a club of German investors. Chris Wood managing director of CBRE Global Investors with responsibility for the fundraising with institutional investors in Germany commented: “We have already attracted the interest of German investors and secured first investors for the fund. This is a good start and illustrates that we are bringing something to the German real estate market that investors want.”
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.5 billion in assets under management* as of March 31, 2017. 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