A group of Asian insurance companies is entering the UK debt market through CBRE Global Investors.
The consortium – believed to be Korean – has awarded the firm a $200m (£120m) discretionary mandate to build a core/core-plus real estate portfolio in the US and Europe.
The mandate, which is expected to grow in time, will target debt and equity investments across all three main property sectors in the top 25 markets in the US and large urban zones in the UK, France and Germany.
Asian investors have been particularly active deploying capital through separate accounts in Europe and the US, but have not been present in the debt market.
CBRE GI said it had seen significant growth in its separate accounts platform, “which provides clients with more customisation and control over how their capital is invested”.
