CBRE fund with EUR 3bn ambitions brings in first capital

CBRE Global Investors has changed its name and received the first EUR 465m in capital commitments for its European real estate fund from institutional investors. The fund targets affordable housing with a focus on sustainability and responsibility.

Fund Manager Paul Oremus | Photo: PR / CBRE

International asset manager CBRE Global Investors has closed its new European fund focusing on affordable housing.

This comes after four European institutional investors provided EUR 465m in capital commitments to the CBRE European Residential Impact Fund, where the goal over the next three to five years is to grow to EUR 3bn, the manager reports in a press release.

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