CBRE GLOBAL REAL ESTATE INCOME FUND

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CBRE Global Real Estate Income Fund : Investment Management Continues Expansion of its Community of Independent Investment Committee Members with Two New Appointments

05/26/2022 | 12:58pm EDT

CBRE Investment Management ("CBRE IM") has appointed Madeleine Cosgrave and Laure Duhot as Independent Members to the EMEA Direct Real Estate Investment Committee and the UK Direct Real Estate Investment Committee, respectively.

The appointments form part of the company's continued expansion of the established community of Independent Investment Committee Members across its full investment strategies, and follows the recent addition of a number of Independent Members to the Americas Direct Real Estate Investment Committee announced earlier this year. The continued investment in independent insight supports the firm's drive for excellence as it further expands its solutions and reach across the real assets investment universe.

Madeleine has extensive experience in the property industry: she was Managing Director and Regional Head of Europe at GIC Real Estate from 2016 to 2021, where she was responsible for the real estate investment strategy and portfolio, led the real estate business in Europe, and was a voting member of the GIC Real Estate global investment committee. She is a fellow of the Royal Institution of Chartered Surveyors and former chair of the INREV investor platform. In addition, Madeleine is an acting non-executive director for Landsec, one of the UK's leading real estate companies and has sat on a number of GIC Real Estate boards across Europe.

Laure brings with her 25 years of investment experience operating across property asset classes. She was a Managing Director at Lendlease, Grainger, Pradera and Sunrise Senior Living and a founding partner of MCP (now M3CP). In this time, she has closed circa £17 billion of transactions, raising and investing capital around the world. Laure also has 12 years' prior experience in private equity, investment banking, fixed income and corporate lending; she also has a track record as a business angel investor in the proptech sector. Her operating experience has focused on the living sector including affordable housing, PRS, senior living and student housing. Laure is also an acting non-executive director to several businesses including an LSE-listed debt fund, a healthcare and another specialist property REIT, both part of the FTSE250 index.

Chuck Leitner, CEO of CBRE Investment Management, said: "We are delighted to welcome both Laure and Madeleine to the business. They will provide valued inputs as we continue our expansion across the real assets marketplace. This investment in our growing community of Independent Investment Committee Members further cements our commitment to governance and driving better standards across the wider industry."

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $146.8 billion in assets under management* as of March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

Disclaimer

CBRE Clarion Global Real Estate Income Fund published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 16:55:12 UTC.


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Financials ()
Sales 2021 41,2 M - -
Net income 2021 346 M - -
Net Debt 2021 320 M - -
P/E ratio 2021 3,30x
Yield 2021 6,13%
Capitalization 949 M 949 M -
EV / Sales 2020 33,0x
EV / Sales 2021 35,5x
Nbr of Employees -
Free-Float 100,0%
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Managers and Directors
Joseph Patrick Smith President & Chief Executive Officer
Jonathan A. Blome Chief Financial Officer
Thomas Ritson Ferguson Chairman
Robert S. Tull Secretary & Chief Compliance Officer
Asuka Nakahara Independent Trustee