CBRE Investment acquires global logistics real estate portfolio
CBRE Investment Management, a subsidiary of CBRE Group, and Hillwood Investment Properties have announced a definitive agreement under which affiliates of CBRE Investment Management will acquire a logistics real estate portfolio for $4.9 billion, marking one of the largest industrial real estate transactions in history. The portfolio also includes Polish warehouses.
The portfolio acquired by CBRE Investment Management includes 33 assets in the USA with a total area of 19.2 million square feet (approx. 1.78 million sqm) and 24 assets in Germany, Poland, and the United Kingdom with a total area of 9.2 million square feet (approx. 854.7 thousand sqm).
The transaction is subject to customary closing conditions, and CBRE Investment Management expects to close the assets in phases through its investment products in the United States and Europe.
CBRE Investment Management established a global sector team in June 2021 to strengthen and better align its global logistics expertise.
