CBRE Global Investors Acquires Turin Logistics Portfolio

23 Jun 2021


Corporate Communications Director

Helen Stott

Corporate Communications Director

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CBRE Global Investors, on behalf of its European Industrial Fund (EIF), has acquired a portfolio of three new Grade A logistics assets in Turin, Italy. The vendor was DeA Capital Real Estate SGR S.p.A., on behalf of its AIFM GO Italia VI Fund which is fully invested by BentallGreenOak.

The three assets offer a total GLA of 156,300 sq m, including a 60,300 sq m warehouse that is fully let to an international tyre brand on a 10-year lease and an adjacent 80,800 sq m warehouse that was developed on a speculative basis. The final asset is a 15,300 sq m warehouse within S.I.TO Turin Interporto, that is let to a third-party logistics provider on a 12-year lease.

All three assets are well visible and easily accessible within the Turin market. In addition, Turin is part of European Corridor 5, which connects Lisbon to Kiev, and benefits from close proximity to Corridor 24, which connects Genova with Rotterdam.

Laurie Lagarde, Fund Manager, European Industrial Fund at CBRE Global Investors commented: “This acquisition represented a unique opportunity to acquire a portfolio of high quality and strategically located assets. While Italy has seen significant growth in e-commerce over the course of the pandemic, it still lags other European countries and we are confident that there remains significant upside for growth in this market. To have secured assets of this calibre is not only a strong endorsement of the strength of our team in Italy, but also of our logistics platform more generally.”

CBRE Global Investors is a leading investor and operator in the European logistics sector with a platform of €12.3 billion* of assets under management, a rental area of seven million sq m across 11 countries in EMEA.

CBRE Global Investors were advised by K&L Gates (lawyers), Pirola Pennuto Zei (tax advisors), Yard Reaas (technical advisors) and GVA Redilco (commercial advisors).

* As of 31 March 2021

About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $124.5 billion in assets under management* as of March 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

*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.