CBRE Investment Management has been awarded a £500m global real estate mandate by the Wales Pension Partnership (WPP).
This mandate builds on CBRE Investment Management’s existing global real assets relationship with WPP, following the pension fund’s investment in the CBRE Global Infrastructure Fund last year.
Councillor Elwyn Williams, chair of the joint governance committee at WPP, said: “The appointment of CBRE Investment Management as global real estate manager completes WPPs real estate offering and is an example of WPPs commitment to working with specialist managers within each of the relevant sub sectors across private markets”
Achal Gandhi, chief investment officer, indirect strategies at CBRE Investment Management, added: “We are thrilled to expand our strategic partnership with WPP following this appointment. This mandate, alongside a number of other LGPS pool mandates that we are working on, underscores the importance of the LGPS to our platform and our commitment to delivering tailored investment strategies that align with the long-term objectives of this client base.”
Catriona Buckley, UK client solutions at CBRE Investment Management, said: “This appointment is a testament to the long-standing relationships CBRE IM has sustained with a number of the Welsh constituent authorities and underscores our dedication to providing bespoke client solutions. We look forward to fostering strong partnerships and continuing to drive value for our LGPS clients.”
