Amsterdam, 26 April 2021 – CBRE Global Investors completed €6.3 billion transactions across Europe in 2020 on behalf of the Firm’s direct and indirect real estate strategies. This includes €4.4 billion of acquisitions and €1.9 billion of disposals.
“COVID-19 has had a negative impact on the global market as a whole, but despite the challenges we have delivered a strong performance in the region,” said Rik Eertink, President EMEA Real Estate Division, CBRE Global Investors. He added “we continued to invest throughout Europe during the year, with the expertise and presence of our local teams attributing to our success over the period.”
Two thirds of acquisitions in 2020 were in the residential and logistics sector, two key investment areas for the Firm, with continued investment in offices. Over a quarter of sales were in retail spanning multiple countries including the UK, Germany, Netherlands and Nordics.
Other notable acquisitions included a residential portfolio of 916 Dutch rental properties, the majority of which are single-family houses and all of which have a green energy label, Premier Place, a prime 229,129 sq ft Grade A office building in London and a mixed-use scheme in Berlin consisting of 26,000 sqm offices, residential and retail. During the period there has also been investment in the European last mile logistics portfolio for Indirect Real Estate Strategies.
Frans van Toor, head of transactions EMEA for direct strategies, CBRE Global Investors, said: “Repercussions of the pandemic are still being felt by the market, and while we have witnessed a cautious start to the year we anticipate meaningful pickup in activity in Q2. For 2021 we will be focussing on residential, logistics and office strategies, with specific attention for vibrant mixed-use destinations. We’re confident that as the markets continue to improve and activity increases, we will be successful in identifying new opportunities and are well positioned to exceed transaction volumes from last year and meet our investment targets for 2021 on behalf of our clients.”
Globally, CBRE Global Investors completed €15.4 billion in private real assets transactions in 2020.
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About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $122.7 billion in assets under management* as of December 31, 2020. 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:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments 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 assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.