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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.

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Curlew Capital Launches New UK Student Accommodation Vehicle

​Curlew Capital Ltd. (“Curlew”) and CBRE Global Multi Manager (“CBRE GMM”) are pleased to announce the launch of the Curlew Student Trust (“CST”), a new vehicle created to invest in UK student accommodation.

CST has been established as a result of investment by UK and global clients of CBRE GMM alongside Curlew and key stakeholders.  CBRE GMM has initially committed £40.0m to the venture.

CST will be managed by Curlew Capital, led by Paul Oliver, former joint CEO of Teesland plc. Operational and property management will be provided by Fresh Student Living (“FSL”), led by Rebecca Hopewell.

CST will invest in prime purpose built student accommodation (“PBSA”) throughout the UK. The acquisition strategy is focused on the top 50 / Russell Group universities and supplemented by investment opportunities where Curlew identifies strong sustainable returns.  CST will target superior returns by forward-funding new developments in locations in high demand from students and through utilising FSL’s skilled managers to help deliver strong income returns.

CST has a target size of £250m and will use the initial equity commitments to acquire a £63m seed portfolio, comprising 1,091 beds in three schemes currently being developed by Watkin Jones Group, a leading developer of purpose built student accommodation in the UK. The assets are situated in Sheffield, Swansea, and Birmingham.  The schemes in Sheffield and Swansea are due for delivery in time for the 2014-15 academic year while the Birmingham scheme will welcome students in 2015-16.  The assets will provide a mixture of cluster and studio bedrooms of the highest specification and will be well situated for student life in the three cities.

Paul Oliver, Chief Executive of Curlew Capital said:

“The launch of the Curlew Student Trust, demonstrates the demand from institutional investors for a value-add approach to investing in this thriving ‘alternative’ investment sector.  We are excited by the quality of the specialist team we have assembled, providing investors with access to individuals with a superior track record in the investment, development and operational management of PBSA assets, across the UK.”

Alex Bignell, Head of UK at CBRE Global Multi-Manager added:

“Curlew Student Trust is a further demonstration of our successful new approach of forming ventures with specialist managers to enable our clients to access preferred niches of the UK property market.  We look forward to supporting the future growth of the venture.”

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