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.”
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 $122.7 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.
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Three of these properties are located in the established logistics hubs of Bondoufle, Combs-la-Ville and Marly surrounding Greater Paris. The fourth property is located in Toul, a well-established logistics submarket of Nancy in the North East of France.
Demand for industrial assets remains high in France due to sustained growth within the ecommerce sector and the ongoing economic recovery.
Carlyle intends to grow its presence in France, one of Europe’s largest logistics markets, as well as other Western European markets through additional investments in locations exhibiting attractive supply-demand fundamentals.
Pierre-David Baylac, Fund Manager at CBRE Global Investors, said: “With these four asset sales we have successfully executed our 2017 disposal plan with seven assets sold last year and almost completed the exit plan for LPFE.”
Marc Antoine Bouyer, Managing Director, Carlyle Europe Real Estate, added: “This acquisition represents one more step in our logistics assets investment strategy which is focused on acquiring and actively managing high-quality facilities located in several established European logistics markets. These additional French assets will be integrated into Carlyle’s French logistics platform which now exceeds 415,000 sqm with almost 90% of its value now concentrated around the Paris, Lyon and Marseille markets.”
Carlyle was advised by DLA Piper, Darrois Villey Maillot Brochier and Attal & Associés for the transaction with CBRE and Expansion providing strategic and asset management advice. The acquisition has been financed through a combination of equity and debt, with HSBC providing a financing facility.