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CBRE awarded $200m global mandate
A collection of large Asian insurance companies has awarded a $200 million discretionary global mandate to the separate accounts group of CBRE Global Investors to build a core/core-plus real estate portfolio in the United States and Europe. This is the second global mandate the firm has received in 2014.
“This is a very significant mandate, given that it is global in nature and its success will highlight that CBRE Global Investors is one of the few truly global investment managers that has the platform and personnel to execute this kind of strategy directly,” says Jeff Torto, who serves as the overall portfolio manager.
The mandate, which is expected to grow over time, will target both debt and equity investments across property sectors in the top 25 markets in the United States and large urban zones in the United Kingdom, France and Germany. A little more than half of t