The deal involved selling an interest in CBRE Dutch Office Fund, which follows a core strategy, to three European buyers.
Tag Archives | real estate
Investors in private real estate vehicles are engaging in secondaries as a way to managing their engagement with the asset class, delegates at the annual MIPIM conference were told.
In this extract from The Secondaries Market, James Sunday and Min Zhou of Landmark Partners look at who’s buying real estate secondaries, the geographic exposure of funds traded and the size and structure of transactions.
The global investment firm picked up interests in the real estate vehicle from a French real estate firm and Australia’s largest industry super fund.
This is the first secondaries fund the firm’s real estate unit has raised since it acquired the Clairvue Capital Partners team in 2014.
In the extract from The Secondaries Market, James Sunday and Min Zhou of Landmark Partners offer an overview of the real estate sub-asset class and look at which organisations are selling.
The investment banking arm of CBRE Group advised on 187 fund interests that were transferred during the year, with deal volume brokered by the firm hitting a record $2.4bn.
The $10.3bn pension also disposed of a growth equity fund stake and was considering reducing its fund of funds exposure, meeting documents show.
Scott Landress also must pay a $1.25m penalty to settle charges that he improperly withdrew fees from two real estate secondaries funds.
The firm has raised $215m for its property unit, which includes its latest global real estate secondaries fund.