Linklaters has advised CBRE Investment Management (CBRE IM) on the acquisition of a landmark portfolio of eight logistics assets, on behalf of a fund sponsored by CBRE IM. The portfolio comprises approximately 327,000 sqm of gross lettable area and represents a significant step in expanding CBRE IM’s European logistics platform. The assets were disposed of by different real estate funds managed by leading Italian general partners (GPs).
The portfolio is strategically distributed across four of Italy’s most established logistics submarkets: three assets in the Bologna market, three in the Rome area, one in the Milan market and one in Verona. Each location benefits from direct access to Italy’s primary motorway network, supporting both domestic distribution and cross-border European trade flows. All assets are newly built to Grade A specifications and incorporate strong sustainability features, with all schemes certified LEED Platinum or Gold.
The international cross-practice Linklaters team was led by Real Estate Partner Francesco De Blasio. The team also included Managing Associates Francesco Calabria and Massimo Schirinzi, as well as the Associates Martina Fariseo, Teodoro Pellegrino Pellegrino and Giulia Ponzo (all Real Estate, Milan). The Italian tax aspects of the transaction were handled by Counsel Fabio Balza, assisted by Managing Associate Luigi Spinello and Associate Giovanni Moretta. Managing Associate Emanuele Aurilia advised on the Italian regulatory aspects.
Further international team members included Partner Markus Wollenhaupt, Counsel Rocco Beck and Managing Associate Nicola Zeibig (all Investment Funds, Frankfurt), Roman Payre (Managing Associate, Investment Funds, Luxembourg) as well as Ulrich Johann (Counsel, Tax, Frankfurt).
