CBRE Investment Management has announced the close of its Asia Pacific value-added real estate fund, Asia Value Partners 7 (AVP 7).
The fund closed with equity commitments of $1.865 billion, exceeding its fundraising target of $1.5 billion. An additional $250 million was secured in co-investment capital, taking total equity raised to $2.115 billion. The fund is expected to have total purchasing power of more than $5 billion to be deployed over a 36-month investment period.
“The APAC region continues to offer compelling opportunities for value creation,” said Adrian Baker, president and CIO of APAC direct real estate and portfolio manager for the fund series. “We are unlocking value in Japan in particular, targeting well‑located standing assets below replacement cost and applying our operating expertise to develop and reposition high‑demand logistics facilities. These strategies allow us to capture structural growth in the logistics sector while creating durab
