LOS ANGELES—CBRE Global Investors said Monday it had closed on its latest value-added fund targeting the Asia Pacific region. With a focus on the logistics sector, CBRE Asia Value Partners IV and its co-investment vehicles have equity commitments totalling $1 billion from 21 institutional investors worldwide.

The new fund and its co-investment vehicles are expected to have total purchasing power of more than $2.5 billion, including leverage. Already, the investment team has acquired or committed to $1.1 billion of real estate through five investments, primarily in logistics assets across Japan, China and South Korea.

“Forecasts of private consumption growth in Asia Pacific are notably higher than in other major regions,” says Adrian Baker, CBRE Global Investors' CIO for Asia Pacific. “Additionally Asia Pacific e-commerce sales as a percentage of total retail sales are the highest of all major regions and are expected to continue to grow at a faster pace. These factors support the case for investment in modern logistics facilities across the region.”