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CBRE GI Closes Asia Fund at $1B

The new fund will target logistics assets across the Asia Pacific region with “a disciplined, cycle-aware investment and operations strategy,” says CBRE Global Investors' Richard Price.

By Paul Bubny | Updated on November 06, 2017

Photo of Richard Price Richard Price is Asia Pacific CEO at CBRE Global Investors.

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.

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