Entities affiliated with CBRE Investment Management are buying a 57-asset, 28.4-million square-foot logistics portfolio valued at $4.9 billion from Hillwood Investment Properties.
The portfolio includes 33 US assets, totaling 19.2 million square feet, and 24 assets across Germany, Poland and the UK, totaling 9.2 million square feet.
The transaction is subject to customary closing conditions and CBRE Investment Management expects to close on the assets in stages through its investment products in the US and Europe.
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