National + Global + Finance | January 10, 2023

CBRE IM Signs $3B Management Agreement with Singapore’s Income Insurance

Income Insurance, one of the leading composite insurers in Singapore, and CBRE Investment Management (CBRE IM) have signed an investment management agreement under which CBRE IM will take over the management of Income’s existing US$3-billion real estate portfolio, which includes direct and indirect holdings across APAC, North America and EMEA. The appointment follows an extensive competitive pitch process.

Mark Shi, CIO of Income, said: “Real estate is a strategic asset class in Income’s investment portfolio. As our investment is diversified across physical properties and funds in Singapore and abroad, we are excited to collaborate with CBRE IM and leverage their global footprint and track record with the aim of delivering good long-term returns to our insurance policyholders.”

In a statement, CBRE IM said, “With CBRE IM’s scale and global footprint, we can work together across multiple territories and investment strategies to seek to create a holistic approach for our client.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).