PUBLISHER: The Load Star (www.theloadstar.com)
Property giants are scooping up logistics portfolios in anticipation of continuing clamour for warehouse capacity in a booming market fuelled by e-commerce.
CBRE Group, the world’s biggest industrial real estate player, is leading the charge with the $4.9bn acquisition of the logistics portfolio of Hillwood Investment Properties.
The move, announced on Tuesday, was described as one of the largest industrial real estate transactions in history.
It comprises 57 properties and development projects, with over 2.6 million square metres of warehouse space. The lion’s share of this capacity – 1.76m sq metres – is in the US, the rest in the UK, Germany and Poland.