THOMAS DAILY News

CBRE Global Investors acquires logistics portfolio for €62mn

CBRE Global Investors, on behalf of an international client, has acquired three logistics properties with a total of 74,000 sqm in Bingen, Kassel, and Ennigerloh (Münster region) for €61.6mn. An open-ended fund managed by Austria-based Raiffeisen Capital Management was the seller. The properties are leased to Metro (Bingen), Volkswagen (Kassel), and B Logistik GmbH (Ennigerloh). The weighted remaining lease term was quoted by the investor at 8.4 years. CBRE Global Investors was advised for the acquisition by LPA Lefèvre Pelletier & associés. JLL assisted the seller.

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