CBRE IM, Chancerygate join forces to develop urban logistics schemes
CBRE Investment Management (CBRE IM) and Chancerygate have formed a joint venture partnership to develop urban logistics schemes on behalf of an investment fund sponsored by CBRE IM.
The joint venture has secured its first development sites, representing more than 450,000 square feet. The joint venture will deliver modern urban logistics assets to high sustainability and operational standards and target BREEAM Excellent certification or better.
“This was an exciting opportunity to partner with Chancerygate, which has a reputation for developing high-specification industrial assets with excellent ESG credentials,” said Toby Creamer, portfolio manager at CBRE IM. “The secured schemes will meet strong occupier demand in their respective markets, where supply remains constrained. We believe that industrial and logistics assets will outperform the wider property market over the next five to 10 years, and we look forward to working with Chancerygate to bring these new