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CBREGI forms Chinese JV, buys €346m pan-European logistics portfolio
CBRE Global Investment Partners is active in the logistics sector of Europe and Asia Pacific.
In Europe, CBRE Global Investment Partners acquired a logistics portfolio for €346 million ($386 million) from TH Real Estate, which in turn represented two clients – Warburg HIH Invest and TIAA-CREF.
The portfolio consists of seven logistics properties comprising more than 599,550 square feet of modern, institutional-quality space located in prime logistics corridors in France, the Netherlands, Spain and Germany.
The assets were previously owned by two Warburg HIH Invest investment funds, Warburg - Henderson Pan-Europa Fonds Nr. 1 and Nr. 3 as well as from TIAA-CREF’s European property portfolio, all managed by TH Real Estate.
CBRE Global Investment Partners will retain TH Real Estate to manage the portfolio.
In addition, CBRE Global and its partner Ivanhoé Cambridge have committed to the LOGOS China