CBRE unit favours JVs with new Asia fund
CBRE Global Multi Manager will focus on joint ventures for its third Asia-focused real estate strategy because attractively priced secondary funds are becoming scarce.

Attractively priced secondary investments are getting harder to come by, said Jeremy Plummer, London-based chief executive of CBRE Global Multi Manager. That is why the UK firm is moving away from such assets to focus on joint ventures and co-investments with its third Asia-focused real estate fund, which closed last week at $236 million.
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