CBRE Global MM appoints Baigler as Euro transactions head

The multi-manager arm of global real estate investment management firm CBRE Global Investors has appointed Charles Baigler to lead its European acquisitions as it looks to ramp up its activities in the region.

CBRE Global Multi Manager, the multi-manager arm of global real estate investment management firm CBRE Global Investors, has appointed Charles Baigler to lead its transaction activities in Europe.

Baigler joins from Rockspring Property Investment Managers where he was an associate partner responsible for acquisitions and structuring joint ventures for investors and funds.

At CBRE, Baigler will have a particular focus co-investments and joint ventures with operating partners.

“We’d been looking for someone who brings a combination of direct experience and understanding of different types of investment structures,” Jeremy Plummer, the platform’s chief executive officer told PERE.

“As we’ve been increasing the breadth of what we’re doing – not just funds, but secondaries, co-investments and joint ventures across the spectrum – and as Europe has become a key focus area for us, someone with a strong transaction background to come and lead those types of activities had become important for us.”

According to Plummer, CBRE has deployed approximately $2 billion into the market in the last 12 months and of that, about 40 percent has been deployed into Europe. “We’ve been active in Asia and the US too, but the focus on Europe has been increasing from a relatively quiet level.”

Prior to Baigler’s arrival, European transactions for CBRE’s multi manager business had been overseen by head of continental European transactions, Tjarko Edzes, who has now left to join Dutch manager Bouwinvest Real Estate Investment Management’s Asian operations.

Prior to Baigler’s time with Rockspring, he was a director at Catalyst Capital, another London-based real estate investment management firm. There he was responsible for acquisitions and management of assets in central and eastern Europe for its opportunistic funds.