CBRE Global Investors has completed the sale of three Dutch logistic distribution centres, on behalf of the CBRE European Industrial Fund.
The portfolio of approximately 56,000 sq m has been acquired by the Blackstone Real Estate Partners Europe IV and will be integrated with Logicor, Blackstone's European logistics' platform.
The sale is part of the relaunch of the CBRE European Industrial Fund, where the platform targets to grow to a EUR1bn low-risk, sustainable core fund.
The transfer of the properties, located in Roosendaal (DC Gewenten, 15,514 sq m), Tilburg (DC Posthoorn 18,156 sq m) and Wijchen (DC Bijsterhuizen, 22,900 sq m) took place on 11 March.
Vendor CBRE Global Investors was advised by CBRE, Houthoff Buruma and Quares. Blackstone Group International Partners was advised by JLL, Loyens & Loeff, CVO and Deloitte.