(The following press release from CBRE Global Investors was received by e-mail. It was not confirmed by the sender.) PRESS RELEASE FOR IMMEDIATE RELEASE For further information: Helen Stott Communications Officer Helen.firstname.lastname@example.org + 44 (0) 20 7767 5648 CBRE GLOBAL INVESTORS SPENDS MORE THAN £62M BUYING UP SUPERMARKETS London, 15 October 2012 – CBRE Global Investors, the global real estate investment firm, announces that it has completed the acquisition of five supermarkets across the UK for a total purchase price of more than £62m. The acquisitions are as follows: · Two supermarkets, Waitrose and Sainsbury’s in Frimley and Chadwell Heath respectively, for a total sum of £28.75m. The site in Frimley is 26,548 sq ft, while the site in Chadwell Heath is 53,295 sq ft · Waitrose in East Grinstead for £14m. The site is 30,680 sq ft. · Co-op in Chapel Allerton, Leeds, for £5.8m. The site is 16,703 sq ft. · Sainsbury’s in West Wickham for £13.8m. The site is 33,075 sq ft. Michael Ness, Head of Separate Accounts, said: “These five acquisitions, offering secure income streams of more than 15 years and with sustainable and above market yields, reflect CBRE Global Investors’ ability to source and acquire assets that fit exactly with the requirement of our clients.” “We believe supermarkets offer good investment opportunities for our clients and these purchases reflect that.” – Ends – About CBRE Global Investors: CBRE Global Investors is a global real estate investment management firm with $91.2 billion in assets under management* as of June 30 2012. The firm sponsors investment programs across the risk/return spectrum for investors worldwide. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG), and harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services company for the benefit of its investors. CBRE has more than 34,000 employees (excluding affiliates) in more than 300 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com. *Assets under management (AUM) refers to fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
CBRE GLOBAL INVESTORS BUYS 5 U.K. SUPERMARKETS FOR 62 MLN POUNDS
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