CBRE Global Investors has made a $840m (£605m) final close on a European co-invest fund.
The European value-add fund closed with equity input from six investors.
Investments will focus on single-asset and portfolio deals using joint venture and co-investment structures and aims for a 15% IRR over the life of the fund.
The fund has already invested $231m across three deals, including a 4.8m sq ft logistics portfolio, two Madrid high street retail assets and a 1m sq ft logistics development within the M25 in London.
The fund has also entered into exclusive agreements on a further $123m of deals to close in the coming months.
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