Sep 28 2010 |
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CB Richard Ellis Investors Opens UAE Office
Establishes DIFC presence to better service existing and new investors in the Middle East and North AfricaDubai, U.A.E. :CB Richard Ellis Investors, the investment management arm of CB Richard Ellis Group, the world's largest commercial real estate services firm, announced today the opening of its regional office in the Dubai International Financial Centre.
"There is significant demand from sophisticated regional institutional and professional investors for stabilized income-producing assets, and many are looking to migrate to best-in-class managers who can restructure their existing real estate portfolios," said CBRE Investors Managing Director Fadi Al Khatib, who heads the new UAE office. "Given the re-pricing of global real estate assets over the past two years and the international investment opportunities available to well-capitalized investors, we believe institutions in the region will aggressively grow their real estate portfolio allocations over the next few years."
Al Khatib said the region represents a tremendous opportunity for the firm, noting that CBRE Investors already has existing mandates with two major regional sovereign wealth funds and is now in active discussions with several key institutional investors and financial institutions. Al Khatib said the added local presence demonstrates the firm's commitment to the region and its philosophy of working closely with investors and financial institutions to better service their needs.
The firm and its clients benefit from the extensive and comprehensive market intelligence and research provided by CB Richard Ellis' global network of approximately 29,000 employees in over 300 offices (excluding affiliates) worldwide.
About CB Richard Ellis Investors
CB Richard Ellis Investors is a global real estate investment management firm with $33.7 billion in assets under management* as of June 30, 2010. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CB Richard Ellis Investors is an independently operated affiliate of CB Richard Ellis 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. CB Richard Ellis has approximately 29,000 employees (excluding affiliates) in more than 300 offices (excluding affiliates) worldwide.
For more information about CB Richard Ellis Investors, please visit www.cbreinvestors.com.
* Assets under management (AUM) generally refers to the properties and other assets with respect to which we and our global affiliates provide (or participate in) oversight, investment management services and other advice. Our AUM is intended principally to reflect the extent of our presence in the global real estate market, and our calculation of AUM may differ from the calculation of other asset managers.
Contact:
Pam Barnett
Corporate Communications Director
pbarnett@cbreinvestors.com
© Press Release 2010
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