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CBRE unit favours JVs with new Asia fund

Steve Price
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.
CBRE unit favours JVs with new Asia fund

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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