Los Angeles / Frankfurt am Main, May 2 2017
CBRE Global Investors plans to make select capital improvements, including enhancements to way-finding, curb appeal and signage, and will drive performance through active asset management. New tenants will be opening soon to enrich the guest experience.
“Economic fundamentals, such as employment growth that is significantly above the national employment growth rate and healthy retail sales, have placed the Atlanta retail market on pace for continued positive growth,” said Stu Sziklas, Managing Director for CBRE Global Investors-Americas. ”We see opportunity with dominant retail centers, and the retailers we have at North Point MarketCenter, who represent the segment-leading brands in their respective categories, are well-positioned in this environment.”
“German institutional investors increased their stake in North American properties on our platform in the last three years significant as they are looking for geographical diversification abroad,” said Alexander Tannenbaum, Managing Director at Universal-Investment in charge of the Real Estate division. “With its location in one of the largest retail agglomerations in the Atlanta area and its established retail concept the high-quality, North Point MarketCenter is a strategic supplement for the BVK mandate”.
CBRE Global Investors is a global real estate investment management firm with $86.6 billion in assets under management* as of December 31, 2016. 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). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the 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 investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate related loans. 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.
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of € 4.4 billion and € 3.2 billion pension payments annually. It currently has € 69 billion assets under management and more than 1,200 employees. Visit www.versorgungskammer.de for more information.