{"id":1004402543,"date":"2020-03-24T05:02:54","date_gmt":"2020-03-24T13:02:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004402543"},"modified":"2020-03-24T05:02:54","modified_gmt":"2020-03-24T13:02:54","slug":"cbre-global-investors-acquires-italian-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/","title":{"rendered":"CBRE Global Investors Acquires Italian Industrial Portfolio"},"content":{"rendered":"<div id=\"attachment_1004402567\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004402567\" data-attachment-id=\"1004402567\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/turate-ii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"turate-ii\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Logistics warehouse in Turate. Image courtesy of CBRE Global Investors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg?w=800\" class=\"wp-image-1004402567 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004402567\" class=\"wp-caption-text\">Logistics warehouse in Turate. <em>Image courtesy of CBRE Global Investors<\/em><\/p><\/div>\n<p>CBRE Global Investors has acquired an approximately 120,000-square-meter (1.3 million-square-foot) logistics portfolio in Italy. The firm purchased the portfolio on behalf of its Logistics Venture Fund for an undisclosed price <a href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-closes-blockbuster-deal\/\">in an off-market transaction<\/a> from Italian engineering and construction company Techbau.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/covid-19-to-upset-commercial-real-estate-globally\/\">Coronavirus Strikes Global Real Estate Market<\/a><\/p>\n<hr>\n<p>The portfolio includes a 40,000-square-meter (430,000-square-foot) Grade A logistics warehouse and an 80,000-square-meter (861,000-square-foot) speculative development on a 194,000-square-meter (2.1 million-square-foot) plot of land. The logistics warehouse is located in Turate, north of Milan, and is a single-dock asset leased for nine years to an Italian retailer. The warehouse is located near Italy\u2019s A9 and its new A36 highways.<\/p>\n<p>The speculative development will be located in Castrezzato, which is east of Milan, and is expected to be complete in the third quarter of this year. The distribution warehouse will also be located near transportation connections so it can serve the eastern part of the Lombardy region that includes cities like Milan, Brescia and Bergamo while also covering Venice and Verona.<\/p>\n<p>Outside Italy, CBRE Global Investors has also invested in industrial properties in the U.S. In February, the firm purchased a 143,327-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-inland-empire-warehouse\/\">industrial property in San Bernardino<\/a>, Calif., that is fully leased to FedEx as a last-mile facility.<\/p>\n<h2>Investing in Italy<\/h2>\n<p>According to the global investment firm, Italy\u2019s logistics sector has shown positive market indicators like vacancy rates below 3 percent. On top of the market fundamentals, CBRE Global Investors said the portfolio was an attractive acquisition because the properties also had good fundamentals, and because of the scarcity of ready-to-go plots and it being a turn-key deal.<\/p>\n<p>CBRE Global Investors also purchased another logistics park in Nogara, Italy, from Techbau, which is fully occupied by a local logistics operator. The firm\u2019s Italian portfolio also includes a warehouse in Truccazzano that it purchased from AKNO Business Parks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm has expanded its footprint in northern Italy by purchasing two distribution properties on behalf of its Logistics Venture Fund. <\/p>\n","protected":false},"author":883,"featured_media":1004402567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,16,21742],"tags":[32789,35095,33339],"class_list":["post-1004402543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-international","category-latest","tag-cbre","tag-cbre-global-investors","tag-fedex"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Global Investors Acquires Italian Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Global Investors Acquires Italian Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"The firm has expanded its footprint in northern Italy by purchasing two distribution properties on behalf of its Logistics Venture Fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-24T13:02:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/\",\"name\":\"CBRE Global Investors Acquires Italian Industrial Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\",\"datePublished\":\"2020-03-24T13:02:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg\",\"width\":800,\"height\":620,\"caption\":\"Logistics warehouse in Turate. 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He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Global Investors Acquires Italian Industrial Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Global Investors Acquires Italian Industrial Portfolio","og_description":"The firm has expanded its footprint in northern Italy by purchasing two distribution properties on behalf of its Logistics Venture Fund.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-03-24T13:02:54+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg","type":"image\/jpeg"}],"author":"Jackson Chen","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/","name":"CBRE Global Investors Acquires Italian Industrial Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg","datePublished":"2020-03-24T13:02:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-italian-industrial-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/turate-ii.jpg","width":800,"height":620,"caption":"Logistics warehouse in Turate. 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