Income Insurance Awards RE Mandate to CBRE Investment Management
Posted on 01/10/2023
Income Insurance Limited, commonly known as Income, is a composite insurers in Singapore, offering life, health and general insurance. Income Insurance Limited Formerly known as NTUC Income Insurance Co-operative Limited (NTUC Income). NTUC was established in 1970 as the only insurance cooperative in Singapore.
CBRE Investment Management (CBRE IM) signed an investment management agreement to take over the management of a $3 billion real estate portfolio currently managed by Income Insurance. The portfolio includes direct and indirect holdings across Asia Pacific, North America, and EMEA. CBRE IM has officially taken over management of the portfolio as of January 1, 2023.
Keywords: CBRE Inc.