All the assets represent fully flexible, state of the art logistic/warehouse/light industrial/production facilities. The schemes are situated close to Plzen, Bohemia, Western Czech Republic, one of the most sought after logistics/light industrial markets in CEE. The region is a strategic logistics location within Europe connecting CEE with key logistics destinations in Western Europe (40 km from Germany) as well as being a strategic manufacturing hub due to low wages and highly skilled workforce.
Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors said: “We have acquired a modern, class-A portfolio situated in an established logistics market with restricted supply of similar space. This fits perfectly with our client requirements and we were particularly pleased to have sourced this portfolio off-market where opportunities of this quality are limited.”
Robert Snincak, Head of Investment Operations CEE, CBRE Global Investors added: “This is another example of finding good value for our clients in the CEE region. With our skilled team on the ground, we are well placed to source assets in Czech Republic, Poland, Slovakia and Hungary that fit with our clients’ requirements.“
CBRE Global Investors were advised by Kinstellar, EY, SGS and CBRE.
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About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $98.9 billion in assets under management* on a combined pro forma basis, as of June 30, 2017, to reflect the completion of the acquisition of a majority stake in Caledon Capital Management Inc.
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 asset-related investments 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 assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.