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WORLD CBRE IM buys Hillwood sheds for USD 4.9 bln

Investment & finance
CBRE Investment Management has announced a definitive agreement to acquire a 57-asset, 2.64 mln sqm portfolio of logistics assets in the US and Europe from Hillwood Investment Properties for app. USD 4.9 bln.

The portfolio includes 33 US assets, totalling 1.78 mln sqm, and 24 assets across Germany, Poland and the UK, totalling 855,000 sqm.

The transaction is subject to customary closing conditions and CBRE Investment Management expects to close it in stages through its investment products in the US 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. Backed by a USD 35 bln 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.
Chuck Leitner, the CEO of CBRE IM

CBRE Investment Management is an independently operated affiliate of CBRE Group, which has more than 100,000 employees serving clients in more than 100 countries. In June 2021, CBRE IM formed a global sector-specific team to enhance and better align its global logistics expertise. In December CBRE IM acquired the 211,803 sqm ‘Nexus’ logistics portfolio in Poland from European Logistics Investment.

In April 2021, it was announced that US-owned Hillwood and Polish developer 7R had completed the sale of a 276,000 sqm logistics portfolio in Poland to Macquarie Asset Management on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest pension fund.

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