CBRE Global Investors completed €7.8 bn of transactions in the EMEA region during 2016, including €4.9 bn of acquisitions and €2.9 bn of disposals on behalf of its direct business and CBRE Global Investment Partners (CBRE GIP).
'Combining our strong research, transaction and asset management capabilities across the EMEA platform we are continuously monitoring trends in the underlying sectors to establish drivers of supply and demand beyond the direct property cycle, enabling us to source interesting risk weighted investment opportunities throughout Europe for our clients,' commented Sophie van Oosterom, (pictured), CIO EMEA, CBRE Global Investors. 'Our expert asset management teams on the ground are fully focused on creating rental growth to enhance asset performance and reduce investment risk.'
In total, around 38% of the company’s acquisitions were in the industrial sector, with 35% in the retail sector and 19% invested in offices.
'These transaction volumes illustrate the successful year we had in both fund raising and capital deployment. Our value add strategy saw significant acquisitions throughout Europe of which the largest three deals were in the UK, Iberia and Scandinavia. The largest deal for our core pan European strategy was an industrial portfolio in Poland and Germany,' added John Mulqueen, head of transactions EMEA, CBRE Global Investors.
'We successfully invested capital on behalf of our clients in 13 countries and committed to over 40 transactions valued in excess of €20 mln. We anticipate a similarly active year ahead with over €5 bn of capital to deploy for acquisitions in EMEA on behalf of new and existing clients.'
Globally, the firm completed almost €16 bn of deals in 2016. including €8 bn of acquisitions and €7.5 bn in sales.
CBRE Global Investors ranked number two in PropertyEU's 2015 Top Investors ranking, published in March 2016, with €10.3 bn of deals.
PropertyEU’s Top Investors 2016 is published in March 2017.
