CBRE Investment Management announced a sustainability initiative intended to scale the development of solar projects within its direct logistics portfolio, which now spans 17 countries worldwide and encompasses more than 600 assets, 200 million square feet and $30.2 billion assets under management.
As part of this initiative, CBRE Investment Management is working closely with Altus Power, a commercial-scale clean electrification company, in the United States and Europe to establish solutions that are focused on decarbonization and resiliency, including the development and installation of solar power generation, battery storage and electric-vehicle charging systems.
“We are focused on deploying onsite solar projects across our logistics assets where viable in order to advance our sustainability goals and support the transition to clean energy,” said Chuck Leitner, CEO at CBRE Investment Management. “We look forward to expanding our relationship with Altus Power ac