CBRE Global Investors (CBRE GI) has acquired a 151,000 m2 portfolio in the largest logistics real estate transaction in the Czech Republic this year.
The portfolio consists of four standing assets built between 2007 and 2017, as well as development land with planning permission for one more property. One building of 5,000 m2 which is currently under construction will be acquired after completion in Q1 2018.
The schemes are situated close to Plzen in the Bohemia region of the Czech Republic.
CBRE GI did not disclose the financial details of the acquisition from Stage Capital.
'We have acquired a modern, class-A portfolio situated in an established logistics market with restricted supply of similar space,' commented Grzegorz Ryszka, head of Transactions CEE, CBRE Global Investors. 'This fits perfectly with our client requirements and we were particularly pleased to have sourced this portfolio off-market where opportunities of this quality are limited.'
CBRE GI was advised by Kinstellar, EY, SGS and CBRE.
JLL's Capital Markets team advised Stage Capital. 'We are very pleased to be involved in the largest logistics investment transaction in the Czech Republic in 2017 representing Stage Capital. Cooperation with our pan-European team facilitated the transaction between Stage Capital and CBRE Global Investors,' said Mike Atwell, regional director from JLL CEE Capital Markets department. 'The transaction reinforces the strength of international capital within logistics sector across CEE.'
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The November edition of PropertyEU Magazine includes a report on the latest trends and news from the real estate markets of Central and Eastern Europe.
The presentations and video highlights of the CEE briefing are also available here
