CBRE Investment Management to acquire a portfolio of battery storage assets from ENGIE.

CBRE Investment Management, a global real assets investment management firm, agreed to acquire a portfolio of battery storage assets from ENGIE, a French energy group. Financial terms were not disclosed. "We are excited to partner with ENGIE on this high-quality, scaled battery storage portfolio with a strong operating track record. This investment reflects our proven strategy of investing in infrastructure 2.0 assets that leverage the breadth of the CBRE IM platform and benefit from strong contracted revenue and macro digitalization and decarbonization tailwinds." Robert Shaw, CBRE Investment Management Managing Director Private Infrastructure Strategies.