CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 90,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #146 in 2019. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $113 billion in assets under management.
Built up over more than 40 years, our unparalleled platform is focused on real assets, giving our institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific. Our clients benefit from a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies.
Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.The CBRE Global Investors and Trammell Crow Company platforms make up the Real Estate Investments division of CBRE Group.
The Real Estate Investments division is led by Mike Lafitte, Global CEO, Real Estate Investments.
Regularly released content on the state of the real estate and infrastructure industry are produced by our subject matter experts and shared on their blogs. A selection of them can be found below.
CBRE Global Investors Acquires Logistics Warehouse Near Lille from Groupe IDEC Invest
CBRE Global Investors, on behalf of the CBRE European Industrial Fund (EIF) has acquired a logistics warehouse located in La Chapelle D’Armentieres, near Lille (59) for EUR 17 million. The vendor was Groupe Idec Invest.
The grade A logistics property, developed by Groupe Idec, has a total area of 25,000 sq m and has four units. The four units are already let to two tenants. One of the tenants is a specialist in the wine industry while the other is in the pet food distribution.
Pierre-David Baylac, Fund Manager of EIF, CBRE Global Investors said: “We are delighted to have worked with Groupe Idec and acquired this high quality property. This investment represents the 8th logistics building acquired in France over a 12-month time period and the 12th in Europe for EIF. This is our first investment in the northern region of France, which is a major hub in the national and international supply chain. “
Lionel Mary, CEO of Groupe Idec Invest, added: “Thanks to a very effective collaboration with the CBRE Global Investors team, the sale of the logistics property to CBRE European Industrial Fund has been successfully completed according to a mutually agreed schedule. The sale is part of the current arbitrage strategy we are undertaking in order to accelerate the development and the diversification of our group.”
In this transaction Groupe Idec Invest was advised by Sorovim while EIF was advised by Allez & Associés, Bird & Bird, Winston & Strawn, Gelé RED, Environnance and ICF.
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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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