(The following press release from CBRE Global Investors was received by
e-mail. It was not confirmed by the sender.)
FOR IMMEDIATE RELEASE
For further information:
+ 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
*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.
Press spacebar to pause and continue. Press esc to stop.