CBRE acquired a majority interest in Toronto-based investment management company Caledon Capital Management, the commercial real estate firm announced Friday.
Caledon, which manages about $7 billion in assets for its predominantly institutional clients and specializes in private infrastructure and private equity investments, will operate as a separate business unit under CBRE Global Investors.
It will be renamed CBRE Caledon Capital Management.
“Caledon’s market-leading investment solutions are a logical extension to our existing suite of real estate and infrastructure investment solutions,” CBRE Global Investors CEO Ritson Ferguson said in a statement.
The deal is expected to close later this year. — Cathaleen Chen