Japan's Government Pension Investment Fund hired London-based CBRE Global Investment Partners to manage a core fund-of-funds global real estate mandate.
An announcement on the Tokyo-based ¥177.7 trillion ($1.69 trillion) pension fund's website Friday said CBRE will be tasked with pursuing fund investments and co-investments, including joint ventures and club deals.
A GPIF spokeswoman said details such as the size of the allocation to CBRE will only be available when GPIF releases its annual report for the fiscal year ended March 31, due sometime in July.
