CBRE Global Investors Buys in Germany, Belgium
CBRE Global Investors, on behalf of its Pan-European Core Fund, has acquired 13,000 square metres of industrial and logistics space near Frankfurt airport. The space in the Multi-Park complex, located in the Mönchhof Business Park, was sold by MP Holding and OFB Projektentwicklung GmbH. The space acquired by the CBRE Global Investors fund are Multi-Park’s first and second construction phases, built in 2010 and 2011.
CBRE Global Investors has also acquired a Belgian shopping centre on behalf of its European Shopping Centre Fund. Galeries Saint Lambert, located in Liège, was sold by Credit Suisse Asset Management’s CS Euroreal open-end fund. The 40,000-square-metre shopping