CBRE GI chalks up deals worth €8.9b in 2018

CBRE Global Investors completed €8.9 bn of transactions in Europe in 2018, comprising €5.5 bn of acquisitions and €3.4 bn of disposals, the company said on Tuesday.

The largest year-on-year investment growth was in the residential sector, where the transaction volume increased by 36% compared to 2017. CBRE GI also completed €1.1 bn of retail transactions, €1 bn in the logistics/ industrial sector and more than €600 mln of office deals.

Notable transactions included the launch of an affordable housing fund and a long income fund in the UK, the Orange & Green residential portfolio in Amsterdam, Rue Reaumur in Paris, the Hanseviertel in Hamburg and the disposal of the Wars & Sawa and Junior scheme in Poland.

Globally, CBRE Global Investors completed €21.3 bn in private real estate transactions during 2018.

Frans van Toor, head of transactions for EMEA, said: 'We anticipate another active year of buying and selling throughout Europe with a focus on assets that we can add value through active asset management initiatives and sectors with more defensive qualities such as hotels and student housing.

'With over €4 bn of dry powder for 2019, our 28 person-strong transaction team located in 15 countries will continuously be looking for the right opportunities.'

'The market place is competitive, but given our strong local presence and sector expertise, we have had another successful year securing attractive risk weighted opportunities throughout EMEA for our clients,' added Sophie van Oosterom, CEO & CIO EMEA (pictured).


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