Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund with JPY 158.6 tln (€1.2 tln) of assets under management, has awarded its first global property mandate, appointing CBRE Global Investment Partners as funds of funds (FoF) manager and Asset Management One Co as gatekeeper.
Hamburg Commercial Bank AG (HCOB) has agreed to provide investment manager Barings with financing in the mid double-digit million euro range for the construction of a sustainable logistics centre in Hesse.
