CBRE Global Investors has acquired on behalf of the CBRE European Industrial Fund, DC Leeghwaterweg 2-8 in Bergen op Zoom, The Netherlands. The vendor was a fund managed by AXA Investment Managers – Real Assets.
The logistics warehouse comprises 43,000 sqm and was constructed in 2009. It is a modern and flexible building and is let to Bleckmann and Forever 21.
This deal is the second logistics acquisition that CBRE Global Investors has made in the Netherlands in the last four months.
Pierre-David Baylac, Fund Manager European Industrial Fund (EIF) for CBRE Global Investors, said: “The distribution center with Bleckmann as the major tenant provides a high quality, flexible logistic solution in a core Dutch logistics location which meets all of the Fund’s required investment criteria”
Since the beginning of the year, EIF has acquired 12 assets in France, Germany, Italy, Portugal and Spain, being one of the most active player in the logistics pan European market. The Fund is keen to further increase its portfolio in the Netherlands.”
Paul Oremus, Country Manager the Netherlands added: “This acquisition underlines our ambition to grow the logistics platform in the Netherlands. We are looking at all core investment opportunities in the logistics market in the Netherlands for our various clients.”
CBRE Global Investors were advised by Houthoff Buruma. AXA Investment Managers – Real Assets were advised by CBRE and Clifford Chance.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $88.6 billion in assets under management* as of June 30, 2016. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 70,000 employees in more than 400 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
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