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CBRE GI close funding with $900 million for AVP V

CBRE Global Investment announced that it closes value-add Fund amounting to $900 million of equity commitments

CBRE Global Investor is one of the world’s largest real asset investment management firms. The firm sponsors real estate investment programs across the risk/return spectrum in North America, Europe and Asia for investors worldwide including public and private pension funds, insurance companies, sovereign wealth funds, foundations, endowments and private individuals.

The real estate company reported that it has closed a $900 million in its latest fund CBRE Asia Value Partners V – a new Asia Pacific fund targeting logistics assets. The added new fund is lower than the predecessor fund the company has raised in 2017, which was $1 billion.

“Interest in APAC real estate investment remains high, which is reflected in the strong demand from investors worldwide fort this fifth iteration of our regional value-add real estate strategy,” said Bernie McNamara, Global Head of Investor Services and Solutions.

According to CBRE Global Investor, the AVP V is a continuation and evolution of the firm’s flagship Pan Asia value-add investment program that was launched in 2009. Just like the predecessor fund, AVP V seeks to invest in build – or reposition-to-core opportunities focused primarily on the developed markets of Asia Pacific. “The Fund also selectively pursues investments in sectors supported by positive structural trends and opportunities offering compelling returns,” the company stated.

“The logistics sector in Asia Pacific continues to be supported by solid consumption growth and technology adoption within the region, which in turns is generating an increased investment demand for the type of real estate AVP V is creating – high-quality logistics asset managers, we are well-placed to source, invest, develop and manage real estate investment on behalf of our investors,” noted Adrian Baker, Chief Executive Officer and Chief Investment Officer – Asia Pacific, CBRE Global Investors.

Also commenting is Shane Taylor, Head of Strategy & Research – Asia Pacific, CBRE Global Investors, saying, “Investing in high quality, well-located logistics facilities in major metros is the main strategy that has guided this fund series, largely thanks to the structural rise of e-commerce in the APAC region.”

“For households still need to consume goods and in avoiding conventional retail formats have embraced e-commerce even more enthusiastically. We have seen modern logistics facilities and their occupiers rise to the challenges presented by this crisis,” added Taylor.

To date, CBRE Global Investors has US$11.9 billion in assets under management3.