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CBRE Global Investors acquires 30,600 m² distribution center

A fund managed by CBRE Global Investors announces the acquisition of “Ideal Idea” logistic and office business park located in Warsaw for circa €32 million. The vendor was an investment fund managed by BPH Towarzystwo Funduszy Inwestycyjnych S.A. (BPH TFI SA).

The Property is located in Zone I of Warsaw’s logistic market and comprises approximately 20,200 m² of warehouse space and 10,400 m² of office space. There are 14 tenants in the centre, including Solid Group, Wincor-Nixdorf and Baltona.

Richard Everett, Fund Manager, CBRE Global Investors added: “The Ideal Idea is perfectly located in the most stable logistic hub in Poland. This is our third acquisition in this location, after the purchase of Warsaw Distribution Centre in December 2012 and Manhattan Distribution Centre in November 2013. The property fits the investment criteria of the Fund and will add synergy to our existing portfolio in Zone I. I believe the acquisition of Ideal Idea will contribute to the performance of the Fund and meets the requirements of our investors.”

Linklaters, CBRE Building Consultancy and EY advised CBRE Global Investors. DTZ and Jara & Partners advised BPH TFI SA.

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