AEW sells more than $1b in assets
AEW Capital Management has shed many assets in Europe and the United States.
In Europe, AEW Europe and its joint venture partners Tristan Capital Partners and Alpha Industrial have sold 14 industrial assets to SEGRO and PSP Investments, totaling $643.5 million in sales price. The portfolio totals 7.1 million square feet, and the assets are located in Germany, Poland and France.
The highest priced and largest industrial asset was the 1.21 million-square-foot St. Martin logistics buildings A and C in France, selling for $188.3 million. The second largest property was the 822,370-square-foot Panattoni Park Poznan