CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2020 revenues of $23.8 billion and more than 100,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008, ranking #128 in 2020. It also has been voted the industry’s top brand by the Lipsey Company for 20 consecutive years, and has been named one of Fortune’s “Most Admired Companies” for nine years in a row, including being ranked number one in the real estate sector in 2021, for the third consecutive year. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
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CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $122.7 billion in assets under management.
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CBRE Global Investors Acquires Logistics Portfolio in Germany and Poland
CBRE Global Investors has acquired on behalf of its investors, the ‘Hillwood Portfolio’ consisting of four standing logistics parks in Poland totaling 220,608 sq m. The vendor was Hillwood.
CBRE Global Investors has also agreed to acquire from Hillwood a pipeline of projects currently under development. These consist of two new parks and two extensions in Poland totaling 134,165 sq m and two new developments in Germany totaling 71,684 sq m.
The asset details are:
7R Logistic Centre Gdansk – a modern multi-let industrial and logistics park comprising six buildings (four already existing and two under construction) with 122,564 sq m of lettable space. It is located in the ‘Tri-City’ metropolitan area, providing excellent transport links.
Hillwood Bielsko-Biala – a 41,540 sq m multi-let industrial and logistics asset, comprising two buildings and six tenants. The fully let property is located in one of the most developed parts of Poland directly adjacent to a motorway connecting Poland with Czech Republic and Slovakia.
Ozarow I – a 12,460 sq m modern warehouse let to five tenants. Located approximately 15 km west from the city centre of Warsaw.
Hillwood Wroclaw – located close to the fourth largest city in Poland, Wroclaw is a modern logistics park, comprising two buildings totally 90,045 sq m. The park will be extended by one further building totaling 27,000 sq m.
Ozarow II – a multi-let industrial asset with a rentable area of 29,713 sq m. Located 15km from Warsaw. The park is in the final stage of construction and letting process and the acquisition is planned within next few months.
Warsaw Park – an inner-city facility benefitting from the close vicinity to the city centre of Warsaw. The industrial park comprises 23,815 sq m of lettable area with a planned extension of a further 7,600 sq m. Completion is expected immediately after the extension is finished.
Hillwood Weiterstadt – a new development that will only be acquired once fully let. Located in the Frankfurt am Main metropolitan area and once completed will comprise 37,282 sq m.
Hillwood Dusseldorf – a 34,402 sq m new development that will complete in 2017 and will only be acquired once fully let. This asset is a distribution centre, located within 4 km of Dusseldorf city centre.
Grzegorz Ryszka, Head of Transactions CEE, CBRE Global Investors commented: “This portfolio is of top institutional quality and we have been lucky enough to cherry pick each core asset from an entirely open book from Hillwood.
Some of the assets are state of the art, some offer a diversified lease expiry profile, some are in the development stage but what they all have in common is that they sit within Germany and Poland’s key logistics hotspots and Europe’s most important logistics corridor.”
John Mulqueen, Head of Transactions EMEA, CBRE Global Investors added: “We have over €1bn of capital to invest in CEE and Germany over the next 12 months. We are very pleased to be working with Hillwood to access top quality assets in a meaningful scale for the benefit of our investors. “
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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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