CBRE Investment Management will acquire logistics properties valued at $4.9 billion from Hillwood. The portfolio includes 33 U.S. assets, totaling 19.2 million square feet, and 24 assets across Germany, Poland and the UK.
NEW YORK–(BUSINESS WIRE)–CBRE Investment Management, a subsidiary of CBRE Group, and Hillwood Investment Properties today announced a definitive agreement whereby entities affiliated with CBRE Investment Management will 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.
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.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $133.1 billion in assets under management* as of September 30, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, the world’s largest commercial real estate services and investment firm (based on 2020 revenue). CBRE has more than 100,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the assets under management, fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.