CBRE Investment Management Sells Logistics Asset in North Rhine Germany

February 15, 2022


Corporate Communications Director

Helen Stott

Corporate Communications Director

Photo of helen-stott

CBRE Investment Management announces, on behalf of one of their separate account clients, the sale of a logistics asset in Nordring 3, Ennigerloh, Germany to the Pan European Logistic Fund “PATRIZIA Logistik-Invest Europa III” from Patrizia AG.

The 28,000 sqm modern logistics warehouse was built in 2005 and is fully let to one occupier, a regional contract logistics provider, with a WALT of nine years. The logistic asset is located in Ennigerloh in the north east of the federal state of North Rhine Westphalia, Germany’s most populated state and benefits from excellent transport connections with strong market fundamentals.

“Following active asset management and the completion of our business plan for this asset, we have successfully realized our investor objectives through the sale after a holding period of around seven years” commented Tore Gehres, Head of Asset Management Office & Logistics at CBRE Investment Management.

CBRE Investment Management was advised by BNP Paribas Real Estate, Clifford Chance LLP and Arcadis.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $133.1 billion in assets under management* as of September 30, 2021, 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 2020 revenue). CBRE has more than 100,000 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

*Assets under management (AUM) refers to the assets under management, 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.