1/04/2014 – El Economista
Fund manager of CBRE received an avalanche of requests to invest jointly €1 billion in Spanish assets, said José Antonio Martín-Borregón, director of CBRE Global Investors España, a company created via takeover of ING REIM Europa by CBRE.
Present portfolio of the firm contains assets from Spain and Portugal valued at €2.5 billion as a result of being leader in shopping center management in both markets.
Right now CBRE Global Investors España is considering purchase of three shopping malls within its asset turnover strategy (…). The same framework has been applied for last 20 years and as a consequence, currently the firm manages €72.7 billion in assets globally.
The first steps of the company began with asset acquisition, then liquidity investment and purchase of office buildings, shopping centers and residential assets. (…).
´When we arrived to Spain, there were not many shopping malls so we started to construct and promote them´ – explains Martín-Borregón. Since the beginnings, CBRE Global Investors España has invested €3.3 billion in Spain and has gained ground in the logistic sector.
Original article: El Economista (Alba Brualla)
Translation: AURA REE