CBRE Strengthens Asset Management Services with Real Estate Specified Joint Enterprise License

TOKYO, November 17, 2025 - CBRE K.K. (Head Office: Chiyoda-ku, Tokyo; President & COO: Takashi Tsuji; hereinafter “CBRE”) announced that it has obtained approval for Type 3 and Type 4 businesses under the Real Estate Specified Joint Enterprise Act (hereinafter “Joint Enterprise License”) on November 12, 2025. This approval will enable CBRE to further enhance its real estate asset management services for corporate clients.

CBRE's Asset Management Division has historically provided Discretionary Investment and Investment Advisory business to institutional investors, both domestic and overseas, across a diverse range of asset types, including offices, retail, logistics facilities, factories, research & development (R&D) centers, data centers, and hotels. By obtaining this Joint Enterprise License, CBRE can now offer asset management services utilizing more streamlined and cost-effective structures for real estate investments.

To this day, CBRE primarily utilizes Special Purpose Companies (TMKs) for the securitization of development projects. However, the cost and complexity of this structure have been our concern. By leveraging the newly obtained Joint Enterprise License, CBRE can overcome these issues, facilitating a faster yet more efficient fund formation through its collaboration with the Investment Banking arm. This will enable the company to pursue new asset classes, including small-scale value-add projects, in addition to development projects, thereby expanding investment opportunities for our clients, including but not limited to overseas investors, real estate funds, insurance companies, and banks.

Akira Nozu, Head of the Asset Management Department, Property Management, CBRE K.K. commented: "Joint Enterprise License allows CBRE to leverage its experience, network, and enhanced capabilities to provide the optimal real estate solutions tailored to our clients’ needs, thereby increasing the value of their real estate investments."

Noboru Hirabayashi, Head of Investment Banking, CBRE Capital Markets, added: "The acquisition of the Joint Enterprise License marks a significant milestone, expanding the financial solutions CBRE offers in the Japanese market. This new license, combined with the conventional TMK scheme, will provide domestic and foreign investors with more efficient and cost-effective investment opportunities in real estate. By combining our global network with expertise in the Japanese market, CBRE will contribute to improved capital liquidity and transparency in the commercial real estate market."

For inquiries regarding CBRE’s Asset Management Services:
Akira Nozu 
Head of Asset Management Department, Property Management, CBRE K.K.
[email protected]
Phone: +81-80-7091-3023

Akihisa Ueda
Associate Director, Asset Management Operations, Property Management, CBRE K.K.
[email protected]
Phone: +81-90-6481-5425

For inquiries regarding CBRE’s Investment Banking Services:
Noboru Hirabayashi 
Head of Investment Banking, Capital Markets, CBRE K.K.
[email protected]
Phone: +81-90-9157-4912

About CBRE Asset Management
CBRE Asset Management serves as a global resource supporting a broad range of owners – including institutions and individuals with commercial real estate assets by providing unique expertise in every aspect of commercial real estate management. We provide services for all three stages of an investment: Acquisition, Holding and Disposition.

About CBRE Investment Banking
Investment Banking is the financial services arm of CBRE. The business advises on and structures real estate transactions, via equity and debt, and leverages insights for our clients.

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