CBRE Investment Management has agreed to acquire a more than 57-asset, 28.4-million square-foot portfolio of state-of-the-art logistics properties in the United States and Europe valued at approximately $4.9 billion from Hillwood Investment Properties.
The portfolio includes 33 U.S. assets, totaling 19.2 million square feet, and 24 assets across Germany, Poland and the United Kingdom, totaling 9.2 million square feet.
The transaction is subject to customary closing conditions and CBRE Investment Management expects to close on the assets in stages through its investment products in the U.S. and Europe.
“This milestone transaction reflects our ability to leverage the strong financial capacity of our parent company to secure compelling opportunities that help to drive strategic real assets solutions for our clients,” said Chuck Leitner, CEO of CBRE Investment Management. “Backed by a $35 billion AUM global logistics platform and a skilled team with deep domain expertise, we are positioned to be one of the world’s leading investors and operators of logistics assets.”
CBRE Investment Management formed a global sector-specific team in June 2021 to enhance and better align its global logistics expertise.