CBRE Global Investors has held a €1 billion final close for its Europe Value Partners 2 (EVP2) fund.

EVP2 is the continuation of CBRE GI’s European value-add series and pursues a reposition-to-core and develop-to-core strategy. It has the ability to invest in all sectors with a pan-European remit. The fund has already committed €200 million of equity in three deals in the High Street retail and logistics sectors, with a further investment due to close imminently. The countries targeted to date are Spain, Denmark and France. Capital was raised from a group of institutional investors from Europe, North America, Asia and the Middle East.

InfraRed Capital Partners has also reached the final closing of its latest fund, InfraRed Active Fund IV, with total equity commitments of £522 million (€600 million), exceeding its £500 million (€574 million) target. The fund continues InfraRed’s strategy of focussing on intensively managed, high-value-add opportunities in