
CBRE Investment Management Strikes Deal for 57-Asset Hillwood Portfolio
CBRE Investment Management and Hillwood Investment Properties today announced a definitive agreement for CBRE Investment Management to acquire a more than 57-asset, 28.4-million square-foot portfolio of logistics properties in the U.S. and Europe. The portfolio is valued at approximately $4.9 billion.
The portfolio includes 33 Hillwood assets in the U.S., totaling 19.2 million square feet, and 24 assets across Germany, Poland and the U.K., totaling 9.2 million square feet. 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. “We are positioned to be one of the world’s leading investors and operators of logistics assets.”
- ◦Sale/Acquisition