CBRE Global Investors completed $21.1 bn (over €19 bn) in transactions globally in 2015, including $11.5 bn in acquisitions and $9.6 bn in dispositions.
CBRE Global Investors completed $21.1 bn (over €19 bn) in transactions globally in 2015, including $11.5 bn in acquisitions and $9.6 bn in dispositions.
The acquisitions volume represents a 25% increase over 2014 and the largest volume in the firm’s history.
'We continue to be a strategically proactive portfolio manager for our clients, as we are ‘cycle-aware’ in our transaction strategies to create investment vehicles that are built to last,' said Matt Khourie, Chief Executive Officer of CBRE Global Investors.
'We continue to be a very disciplined buyer and seller of properties,' said Ritson Ferguson, Global Chief Investment Officer, CBRE Global Investors. 'Our clients’ appetite for adding real estate to their portfolios continues to increase. At the same time, however, we have been proactively selling properties in which we have generated good gains for our clients and feel it is an appropriate time to harvest proceeds and realize returns for them.'
The firm was particularly active in Europe with over half of the firm’s transactions executed in that market. Total transaction activity in Europe totalled $11.3 bn with 60% of all European transactions in the retail sector.
'Through 2015 we saw an increasingly liquid market in Europe. This has enabled our priority programmes to be strong disciplined buyers, and it has also been good timing to dispose of assets consistent with fund exit plans. Our level of activity in being both a buyer and seller demonstrates the competitive advantage of our platform and our ability to transact successfully at all stages of the cycle,' said Pieter Hendrikse, CEO EMEA.
In the US, transactions amounted to $7.8 bn, while transaction volume in Asia totalled $2.0 bn in 2015.
