The agreement reached by both companies provides that CBRE will manage the portfolio of logistics property ID Gazeley has in prime locations in Spain, Germany, France, Italy, Hungary and the UK.
These assets are leased to a wide range of pan tenants, including some of the biggest brands in the region as L'Oreal, Volkswagen AG, Lidl, H & M or Mercedes-AMG.
IDI Gazeley is one of the largest investors and developers in Spain, having developed some of the turnkey projects more relevant in recent years. In this sense, in the words of Alberto Larrazabal, National Director of Industrial and Logistics CBRE, "to CBRE is proud reliance by this firm when able to manage their assets and also are some ships of great build quality and tenants who have frontline ".
Meanwhile, Ingo Steves, Managing Director and Senior Vice-president IDI Gazeley in Germany, and Head of Operations for Europe and China, said "IDI Gazeley is committed to the service it provides to its customers so that the experience of CBRE as asset manager will become the best ally. "
CBRE will support IDI Gazeley on maximizing the value of each asset and personalized local attention dedicated local teams in each country. In Spain, obtaining this mandate puts CBRE as the leading firm in the field of logistics management with more than one million square feet under management.
At European level, CBRE manages 35 million square meters in industrial and logistical assets located in 25 countries in the EMEA region.
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