The 65,910 sq m modern Class-A logistics /light manufacturing property comprises two buildings and is located in the Silesia region in Eastern Czech Republic. The asset is a 100% occupied at present with five tenants.
The property is located on the northern European transportation corridors (Ten-T Baltic-Adriatic and Rhine-Danube) and in the middle of the CEE’s production hub. The park has unrivalled public and vehicular access, bus and tram stop in walking distance and is located next to D1 highway. Ostrava is the third largest city in Czech Republic and the regional capital of Moravia-Silesia.
Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors said: “This is the first entry, for these clients, into the Czech Republic logistics market and it is a strategic addition to the existing portfolio acquired in Poland.
There is strong occupier demand for high-quality logistics and we feel with secure income and rental growth potential, this is a solid acquisition. “
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.5 billion in assets under management* as of March 31, 2017. 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 75,000 employees in approximately 450 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.