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TH Real Estate manages €350m pan-European Logistics portfolio on behalf of CBRE GIP

Logistics

CBRE Global Investment Partners (GIP) has completed the acquisition of a European logistics portfolio, comprising seven assets across France, Germany, the Netherlands and Spain.

The 600,000 sq m portfolio includes Villabe in France, Straubing in Germany and Alovera in Spain. CBRE GIP acquired the assets from existing clients of TH Real Estate.

TH Real Estate will continue to manage the portfolio on behalf of GIP and will seek further acquisitions. The program will primarily target assets across France, Germany, Spain and Benelux. Investments into CEE will also be considered.

Jeremy Plummer, Head of CBRE Global Investment Partners, said: “The acquisition gives our investor clients exposure to a high quality portfolio of logistics assets in strategic locations across Europe. Our goal is to complement the existing portfolio with further acquisitions of similar quality.”

 

Thorsten Kiel Portfolio Manager, Head of Logistics, Europe and Fund Manager for the vehicle, TH Real Estate, added: European Logistics has been identified by CBRE GIP and our research team as one of the key asset classes which a diversified, income focussed investment strategy should take advantage of. Good quality buildings in well-established logistics hubs are expected to deliver strong income returns, particularly in the Western and Southern European markets, where the spread between bonds and prime logistics yields are still more than 450-550 bps. This seed portfolio, spread across four attractive markets, exhibits a sound degree of risk diversification, and delivers high and stable income. Meanwhile, the assets will benefit from our asset management expertise as we endeavour to generate additional value for our client.’

Disclaimer

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. COMP201500288

 

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