CBRE Global Investors is targeting EUR8.3 billion of transactions in EMEA in 2016.
The company continues to have a strong focus on new investments this year, targeting EUR5.3 billion of acquisitions throughout Europe, as it looks to invest increased real estate allocations from existing and new clients. In addition it will be looking to sell EUR3 billion of assets from end-of-term programmes and capitalise on opportunities to harvest gains where appropriate.
“Our clients continue to put faith in our ability to find attractive risk weighted opportunities, actively manage their assets and create value through the cycle,” said Sophie van Oosterom, CIO EMEA.
“We are closely watching market events globally and currently still see good levels of liquidity; the continued gap with bond yields means the case for property remains attractive. Our investment programmes will continue to be based on input from our strong research teams and our team of local on-the-ground experts.”
Retail will again be a major focus with current requirements of around EUR2.4 billion, underscoring the company’s market leading position in the sector. In 2015, around 60% of its acquisitions were in retail and the company currently has approximately EUR14.7 billion of assets under management in that segment of the market. The company investment interest also includes significant dry powder for logistics (EUR 1.6bn) and offices (EUR 1.0bn) respectively.
“We have a wide range of requirements and our experienced local transaction teams are focused to find the best possible deals for our clients. We completed over 200 transactions last year in EMEA and have a well-earned reputation for executing the deals we agree. We have a strong pipeline of deals currently under offer and continue to source new opportunities across our EMEA platform.” said John Mulqueen, Head of Transactions EMEA.
For disposals, the company continues to undertake an orderly sale of assets from end-of-term programmes and capitalise on opportunities to harvest gains where appropriate.
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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.
Past performance is not a guarantee of future performance.
