CBRE Global Investors completed EUR 7.8 billion of transactions in EMEA during 2016. This includes EUR 4.9 billion of acquisitions and EUR 2.9 billion of disposals on behalf of the direct business and CBRE Global Investment Partners (CBRE GIP).
Sophie van Oosterom, CIO EMEA, CBRE Global Investors commented “Combining our strong research, transaction and asset management capabilities across the EMEA platform we are continuously monitoring trends in the underlying sectors to establish drivers of supply and demand beyond the direct property cycle, enabling us to source interesting risk weighted investment opportunities throughout Europe for our clients. Our expert asset management teams on the ground are fully focused on creating rental growth to enhance asset performance and reduce investment risk.
In total, around 38% of the company’s acquisitions were in the industrial sector, with similar weight (35%) to the retail sector and 19% invested in offices, demonstrating the spread of expertise in the transaction and asset management teams who are able to source and manage assets in all sectors and regions.
John Mulqueen, Head of Transactions EMEA, CBRE Global Investors added: “These transaction volumes illustrate the successful year we had in both fund raising and capital deployment. Our value add strategy saw significant acquisitions throughout Europe of which the largest three deals were in the UK, Iberia and Scandinavia. The largest deal for our core pan European strategy was an industrial portfolio in Poland and Germany. We successfully invested capital on behalf of our clients in 13 countries and committed to over 40 transactions valued in excess of EUR 20 million. We anticipate a similarly active year ahead with over €5bn of capital to deploy for acquisitions in EMEA on behalf of new and existing clients.”
CBRE Global Investors completed almost EUR 16 billion in transactions globally in 2016. This includes EUR 8 billion in acquisitions and EUR 7.5 billion in sales.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
Source : Company