CBRE Investment Management Closes $2.115B Asia Value Partners 7 Fund, Targeting APAC Logistics Real Estate Development

CBRE Investment Management has closed its Asia Pacific value-add real estate fund, Asia Value Partners 7 (AVP 7), with total equity commitments of $2.115 billion — exceeding its original $1.5 billion fundraising target. The fund is expected to wield more than $5 billion in total purchasing power over a 36-month investment period, the firm announced March 17, 2026.

The fund received $1.865 billion in direct equity commitments, surpassing its target by approximately 24 percent. An additional $250 million was secured through co-investment capital, bringing total equity raised to $2.115 billion.

Fund Strategy: Logistics-Focused Real Estate Development in Asia Pacific

Consistent with its predecessor funds, AVP 7 will pursue build-to-core and reposition-to-core opportunities within the most developed and liquid markets of Asia Pacific. At least 80 percent of equity commitments are designated for logistics investments. The fund may also selectively invest in other sectors supported by strong structural drivers or asset mispricing.

Japan is a central focus of the fund's deployment strategy. Adrian Baker, President and Chief Investment Officer of APAC Direct Real Estate and Portfolio Manager for the fund series, highlighted the opportunity set in the region.

"The APAC region continues to offer compelling opportunities for value creation," Baker said. "We are unlocking value in Japan in particular, targeting well-located standing assets below replacement cost and applying our operating expertise to develop and reposition high-demand logistics facilities. These strategies allow us to capture structural growth in the logistics sector while creating durable, long-term performance for our investors."

The fund has already secured three investments and maintains an advanced pipeline expected to drive active deployment throughout 2026.

Investor Base and Fund Structure

AVP 7 attracted 15 institutional investors from the United States, Europe, the Middle East, and Asia Pacific — a mix of existing and new capital partners. The fundraise was completed in approximately 15 months, with positive assessments from several leading investment consultants.

Yilan Koh, APAC Direct Head of Product Development and Operations, noted the breadth of investor support. "The fund received strong support from both existing and new investors, with a diversified client base comprising 15 institutional investors across the United States, Europe, the Middle East and Asia Pacific," Koh said. "Completing the fundraising in just 15 months with positive assessments from several leading consultants underscores the strong conviction investors have in our strategy and platform."

CBRE Investment Management's APAC Track Record

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE: CBRE), the world's largest commercial real estate services and investment firm by 2025 revenue. CBRE Investment Management manages $155.5 billion in assets under management as of December 31, 2025, operating across real assets categories in 20 countries.

The firm's APAC Direct Real Estate team has completed 139 logistics investments across the region since 2016, totaling 9.5 million square meters with a cumulative asset value of $14.7 billion. AVP 7 continues that series, building on the investment framework established by predecessor funds.

Sources

CBRE Investment Management — AVP 7 Fund Close Press Release (March 17, 2026)