CBRE Investment Management has closed its seventh Asia Pacific value-add real estate fund with US$1.86bn (€1.6bn) in equity commitments, exceeding its initial US$1.5bn fundraising target.
The manager has also raised an additional US$250m in co-investment capital alongside the Asia Value Partners 7 (AVP 7) fund, taking total equity raised to US$2.1bn.
AVP 7 will target build-to-core and repositioning opportunities in developed Asia Pacific markets, with at least 80% of equity commitments allocated to the logistics sector. The fund may also selectively invest in other sectors based on structural drivers or market mispricing.
The manager said AVP 7 has already secured three investments to date, further supported by an advanced pipeline that is expected to drive active deployment throughout 2026.
Yilan Koh, APAC direct head of product development & operations, said: “The fund received strong support from both existing and new investors, with a diversified client base comprising 15 institutional investors across the US, Europe, the Middle East and Asia Pacific.”
The fund completed its fundraising within 15 months and is expected to have a total purchasing power of more than US$5bn to be deployed over a 36-month investment period.
Adrian Baker, president and CIO of APAC direct real estate and portfolio manager for the fund series, said: “We are unlocking value in Japan in particular, targeting well‑located standing assets below replacement cost and applying our operating expertise to develop and reposition high‑demand logistics facilities.
“These strategies allow us to capture structural growth in the logistics sector while creating durable, long‑term performance for our investors.”
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