CBRE Investment Management has acquired a €310 million pan-European logistics portfolio from funds managed by Blackstone, adding 19 assets across five European markets to its industrial and logistics platform.
The portfolio comprises 19 properties totalling around 330,000 sqm across Germany, the Netherlands, Poland, Italy and Spain, including seven assets located in the Spanish market, according to EjePrime.
The transaction was structured through an off-market agreement, with CBRE IM identifying the portfolio as an opportunity to deploy capital into mature logistics assets with stable income profiles. Completion is expected by the fourth quarter of 2026.
During its ownership period, Blackstone invested approximately €50 million in capital expenditure and asset upgrades to improve the operational and sustainability performance of the portfolio. These investments supported leasing activity, with 18 agreements signed during the holding period, covering more than 262,000 sqm – approximately 80% of the portfolio’s total built area.
According to CBRE data, logistics investment in Spain reached €281 million in the first quarter of 2026, with Madrid and Catalonia accounting for more than 70% of total activity.
Madrid remains the country’s largest logistics investment market, while Catalonia continues to experience tighter supply conditions, with availability levels significantly below those of other major logistics locations.
