CBRE Global Investors Acquires Core 36,246 SQM Italian Logistics Real Estate | CBRE Investment Management

Milan

CBRE Global Investors Acquires Core 36,246 SQM Italian Logistics Real Estate

09 Mar 2021

press-release_972x1296

Corporate Communications Director

CBRE Global Investors, on behalf of an European separate account client, has acquired Anzola, a 36,246 sq m fully let logistics asset in Bologna in the Emilia Romagna Region, Italy.

The asset is fully let to two tenants; Conad, the major Italian supermarket food chain, and Unilog, the Italian third-party logistics provider active in the food distribution sector.

Bologna is the second largest logistics market in Italy, offering excellent connections to the wealthiest Italian Regions (Lombardy, Veneto and Emilia Romagna). There is no vacant Grade A space at present and limited supply to come to the market due to restrictions on development within the municipality.

Alberico Radice Fossati, Head of Transactions Italy, CBRE Global Investors said: “This was a rare opportunity to acquire a fully-let Grade A logistics asset in an attractive market with great potential. The demand for well-let, high-quality logistics assets has increased significantly in recent years, particularly in light of the pandemic, and this transaction is a strong endorsement of CBRE Global Investor’s logistics platform. Having acquired over €855 million of European logistics assets in 34 deals across nine countries last year, we continue to see compelling opportunities in this sector.”

CBRE Global Investors is a leading investor and operator in the European logistics sector, with an AUM of €11.3bn*, a rental area of seven million sq m across 11 countries.

* As of 30 December 2020

   – ENDS –

About CBRE Global Investors

CBRE Global Investors is a global real assets investment management firm with $122.7 billion in assets under management* as of December 31, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors 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 Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.