VERDION APPOINTS CBRE TO MANAGE ITS PAN-EUROPEAN LOGISTICS PORTFOLIO
Verdion has appointed global real estate advisor CBRE to manage its EUR 500 million, pan-European logistics portfolio.
CBRE will look after Verdion’s portfolio of 14 logistics properties and warehouse assets situated throughout the UK, Germany, Denmark and Sweden. The portfolio totals 5.4 million sq ft (501,660 sq m), including iPort in Doncaster, which comprises a 337 acre (136 hectare) greenfield development with an active planning consent for up to 6 million sq ft (557,400 sq m) of logistics space, with 2.3 million sq ft (213,670 sq m) already committed.
Simon Walter, Director of Asset Management, Verdion said: ”This is an important appointment for Verdion as we continue to expand our portfolio in Europe and CBRE have demonstrated the ability to deliver the high level of service we require in all these locations.”
This appointment is testament to our growing specialist logistic service offering. We now have a record number of pan-European mandates and we are delighted to have been chosen to manage a portfolio of this scale.
In total, CBRE now manages almost 0.5 billion sq ft (41 million sq m) of assets across 20 countries in Europe, Middle East and Africa (EMEA) including industrial and logistics, retail and offices. In addition, CBRE manages 245 shopping centres covering 8.7 million sq m in the same region.