London,
03
May
2017
|
12:00
Europe/London

CBRE ADVISES AXA IM - REAL ASSETS ON €1BN EUROPEAN LOGISTICS ACQUISITION

Global real estate advisor, CBRE, has advised AXA IM - Real Assets on the purchase of a €1bn logistics portfolio from Gramercy Property Europe. The 12.9m sq ft portfolio consists of 39 assets spanning across five countries. The properties, which are predominantly high specification logistics, are fully let to 27 different tenants. The majority of the assets are concentrated in Germany, the Netherlands and France, with an additional 10% holding in the UK and Poland. All of the assets benefit from locations along national and international transportation hubs.

Jack Cox, Head of EMEA Industrial and Logistics Capital Markets
This is an excellent example of a pan-European buyside deal with involvement from sector specialist teams across EMEA. It demonstrates AXA IM’s commitment to the logistics sector, which remains a highly compelling investment strategy thanks to the strong economic fundamentals that underpin it and robust occupier demand.
Jack Cox, Head of EMEA Industrial and Logistics Capital Markets
Contact
photo:Miranda Walters
Miranda Walters
PR and Communications Manager
+44
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2071822506
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