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Announced

CBRE Investment Management to acquire 57 logistic assets of Hillwood for $4.9bn.

Financials

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Transaction Value£3,630m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

logistics properties

Private

Friendly

Poland

Acquisition

commercial real estate

United Kingdom

Cross Border

United States

Real Estate Holding and Development

Single Bidder

Pending

Majority

Real Estate

Synopsis

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CBRE Investment Management, a global real assets investment management firm, agreed to acquire 57 logistic assets of Hillwood for $4.9bn. The portfolio includes 33 US assets, totaling 19.2m square feet, and 24 assets across Germany, Poland and the United Kingdom, totaling 9.2m square feet. "This milestone transaction reflects our ability to leverage the strong financial capacity of our parent company to secure compelling opportunities that help to drive strategic real assets solutions for our clients. Backed by a $35bn AUM global logistics platform and a skilled team with deep domain expertise, we are positioned to be one of the world’s leading investors and operators of logistics assets," Chuck Leitner, CBRE Investment Management CEO.

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