Key Takeaways
- • CBRE Investment Management (CBRE IM) has been awarded a £500 million global real estate mandate by the Wales Pension Partnership (WPP), according to CoStar's report dated August 19, 2024.
- • The mandate is approximately €587 million or $650 million, per conversion figures cited in related coverage.
- • The WPP is a collaboration of the eight Local Government Pension Scheme (LGPS) funds covering Wales and one of eight national LGPS pools in the UK.
- • The mandate is described as covering a wide range of high-quality real estate across regions and sectors.
Summary
CBRE Investment Management has been awarded a £500 million global real estate mandate by the Wales Pension Partnership, according to CoStar. The full CoStar article is available only to subscribers, so the details below are drawn from the publisher's headline and summary together with related coverage of the same award.
The Wales Pension Partnership is a collaboration of the eight Local Government Pension Scheme funds covering the whole of Wales and is one of eight national LGPS pools. The WPP has awarded the mandate to CBRE IM, which confirmed the award. Related reporting values the mandate at £500 million (approximately €587 million or $650 million).
The mandate is described as a global real estate allocation under which CBRE IM will invest in a wide range of high-quality real estate across regions and sectors. The award is also described as an extension of the WPP's manager line-up, as the partnership confirmed managers for UK and global mandates in the same period.
CBRE Investment Management, the global real assets investment manager, traces its lineage to a firm that has evolved over time into one of the largest real estate investment managers globally. For institutional allocators, the award adds a sizeable global real estate mandate to a public pension pool's portfolio.
The Wales Pension Partnership is a collaboration of the eight Local Government Pension Scheme funds covering the whole of Wales and is one of eight national LGPS pools. The WPP has awarded the mandate to CBRE IM, which confirmed the award. Related reporting values the mandate at £500 million (approximately €587 million or $650 million).
The mandate is described as a global real estate allocation under which CBRE IM will invest in a wide range of high-quality real estate across regions and sectors. The award is also described as an extension of the WPP's manager line-up, as the partnership confirmed managers for UK and global mandates in the same period.
CBRE Investment Management, the global real assets investment manager, traces its lineage to a firm that has evolved over time into one of the largest real estate investment managers globally. For institutional allocators, the award adds a sizeable global real estate mandate to a public pension pool's portfolio.
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