Global Investment Partners has given Cordatus Real Estate 拢150m (鈧�208m) to invest in UK real estate.
Cordatus, which manages 拢400m in UK property on behalf of private and institutional investors, will invest in and manage retail, office and industrial properties for the real estate multi-manager.
Tom Laidlaw, CEO at Cordatus 鈥� which entered into a joint venture with 鈥� said he hoped to build 鈥渁 long-term relationship beyond this initial commitment of 拢150m鈥�.
He said the new partnership 鈥渂uilds on the success of our existing private client business, workout mandates and joint ventures鈥�.
CBRE Global Investment Partners has in recent years funded a number of smaller real estate managers, including , and .
Alex Bignell, head of UK at CBRE Global Investment Partners, said: 鈥淲e see an opportunity to invest in smaller lot sized assets in the UK regions to deliver attractive returns for our clients.鈥�
The joint venture will target UK regional markets and lot sizes between 拢3m and 拢15m.
Cordatus co-founder, Mike Channing, formerly deputy head of property at Scottish Widows Investment Partnership, will manage the joint venture.
