CBRE Investment Management Acquires Grade A Logistics Development in Prime Location Close to Madrid City Centre

CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a 90,000 sqm state-of-the-art, prime logistics development in Pinto, Spain.

The development comprises two brand-new Grade A logistics assets, available to let. Located in Pinto, 21km south of Madrid’s city centre, the versatile scheme can be targeted at both last-mile logistics and regional distribution tenants. The development has achieved LEED Gold and BREEAM Gold.

The development offers occupiers easy access to the densely populated neighborhoods and southern suburbs of Spain’s capital city. Pinto is part of Madrid’s Ring 2 logistics area; however, this development is adjacent to Ring 1*.

“This was a rare and exciting opportunity to acquire a Grade A logistics portfolio in a prime location,” said Antonio Roncero, Head of Transactions Iberia at CBRE Investment Management. “In Spain, demand for newly built, flexible warehouses in consolidated logistics hubs remains high - this development offers excellent connectivity to Madrid and its surrounding areas, making it ideal for last-mile logistics operators looking to leverage the increased penetration of e-commerce in Spain, whilst still benefiting from an excellent location for regional and national distribution.”

The development was executed by ICC in a joint venture with Angelo Gordon. Advising CBRE IM on the acquisition was CBRE, Perez Llorca, Dokei and Deloitte.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $144.0 billion in assets under management* as of March 31, 2024, 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, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend 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 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.