Day: November 1, 2021

Crossbay, the European urban logistics platform set up by real estate investment manager Mark, has made its first acquisitions in Poland with the purchase of two sites in Warsaw and Łódź. The two sites, which represent almost 100,000 m2 of warehouse space have a combined GAV of €95 mln and were acquired from Panattoni Europe for an undisclosed sum. The deals are a part of Crossbay’s €1.5 bn AuM pan-European expansion strategy. Our entrance into Poland through this double acquisition of two prime assets demonstrates our ambition to become Europe’s…

CBRE Investment Management, on behalf of a fund it sponsors, has sold Aarttselaar Business Park in Antwerp, Belgium, for an undisclosed amount. The light industrial asset was acquired by the real estate department of the family office investor, Baltisse. Following the successful execution of the business plan, recent leasing successes and the high investor demand for industrial assets, the timing was right to sell this asset.” The property comprises a light industrial, 36,288 m2 complex of warehouse and offices divided over two separate buildings. It was built in 1975 and…