Crossbay completed the acquisition of the European warehousing portfolio from Thor Equities Group.

Crossbay, an urban logistics platform, completed the acquisition of the European warehousing portfolio in Spain, France, and the Netherlands from Thor Equities Group, a provider of urban real estate development, leasing, and management services. Financial terms were not disclosed. “This successful transaction bolsters Thor’s track record and demonstrates the strong demand for well-located assets across Europe. Given the considerable shortage of development sites and first-class facilities outside of key cities, our portfolio was a highly sought-after opportunity, and we expect strong leasing activity to continue. Thor remains committed to building a best-in-class global logistics portfolio and we look forward to seeing our platform grow further," Joseph Sitt, Thor Equities Group Chairman.