MARK secures €250m debt facility from Citi to fund initial growth of second Crossbay portfolio

Financing from Citi will fund first wave of acquisitions for new Crossbay vehicle, which will enter new markets such as the UK, Denmark and Sweden  Crossbay II will target over €2bn in AUM, with a continued focus on aggregating single-tenanted last-mile facilities in urban infill locations by Europe’s core cities New fund follows sale of […]

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Crossbay’s first portfolio bought by Prologis for €1.6bn

One of Europe’s largest pure play urban logistics portfolios sold for €1.585 billion  Investors included  Townsend Group, Nuveen, CBRE GI, QInvest LLC and Credit Suisse Asset Management Crossbay, the urban logistics platform of pan-European real estate investment manager MARK, has completed the sale of its first portfolio  to the world’s largest logistics REIT, Prologis inc., […]

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Crossbay acquires German warehouse portfolio from Tristan Capital

EPISO 5, a fund managed by Tristan Capital Partners (‘Tristan’), has sold a portfolio of warehouse assets located in Germany to Crossbay, the urban logistics platform for leading pan-European real estate investment manager MARK. The portfolio consists of three assets delivering c. 42,000 sq m of high-quality logistics floorspace.   All three assets are fully leased. […]

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Thor Equities Group closes sale of Prime European Logistics Portfolio to Crossbay

Thor Equities Group, a leader in urban real estate development, leasing, and management, has completed the sale of a European warehousing portfolio to Crossbay, the urban logistics platform of pan-European investment manager MARK. The high-quality portfolio of eight assets includes existing warehouses and development sites on the outskirts of major cities in Spain, France, and […]

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Crossbay appoints former Mirastar investment director as head of acquisitions

One of Europe’s largest and first urban last-mile logistics platforms appoints head of acquisitions  Amos Chia was part of founding team at logistics and industrial specialist Mirastar, which formed a JV with KKR in 2020 Chia will work closely with Crossbay’s head of logistics Marco Riva to expand its fast-growing last-mile platform  Crossbay, one of […]

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Crossbay expands presence in Spain with €60m Barcelona acquisition

Pan-European urban logistics platform acquires 43,000 sq m last-mile logistics warehouse on outskirts of Barcelona Acquisition takes Crossbay’s Spain portfolio to over 150,000 sq m across 12 assets  Crossbay has acquired almost 120 assets since launch in May 2020 as part of €1.5bn AUM expansion strategy  Crossbay, the pan-European urban logistics platform incubated by real […]

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Crossbay completes the acquisition of multi-storey urban logistics asset in Saint Denis

Crossbay has acquired a 7,500m multi-storey urban logistics asset in Saint Denis, a few kilometers outside of Paris  The acquisition brings Crossbay’s France portfolio to 20 properties with a collective value of  €180 million Crossbay aims to secure €500 million in assets under management in France within the next two years  Crossbay, the first pan-European […]

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Crossbay expands into Poland with double acquisition in Łódź and Warsaw

Crossbay has acquired c. 100,000 sq m of warehouse space in Warsaw and Łódź Acquisitions form key part of €1.5 billion AuM pan-European expansion strategy Crossbay is planning further acquisitions in Poland over coming months  Crossbay, the pan-European urban logistics platform incubated by real estate investment manager MARK, has acquired its first two assets in […]

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Crossbay signs up luxury e-commerce specialist Bazarchic as a tenant

 · Bazarchic to take 15,860 sq. m. of warehouse space close to Paris city centre on a nine-year lease · Bazarchic plans to transfer all its logistics operations to Crossbay, taking additional space within the platform’s French portfolio · France is a key target for acquisitions for Crossbay, which aims to have €500m AUM in […]

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MARK’s urban logistics platform Crossbay agrees €121m debt facility with Bank of America

Loan will refinance last-mile portfolio in Italy that sits in the ‘Hour’ fund, managed by Kryalos SGR on behalf of Crossbay Announcement follows €400m facility from Citi to finance assets in core western European markets  Facilities will help fund Crossbay’s continued growth and expansion across Europe Crossbay, the first pan-European logistics platform to focus on […]

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