‘We feel that urban logistics has the best fundamentals by far in the logistics sector,’ he told Property EU, citing restricted land supply and rising demand, which together are driving rental growth in Europe’s core cities. Increasing competition from alternative uses and rising construction costs make new development difficult, which is why Crossbay focused on […]
Kryalos SGR, a private and independent asset management company with €12.5 billion of AuM and one of the “significant asset management companies” according to the definition contained in the Bank of Italy’s Regulations, and Crossbay, the pan-European urban logistics platform incubated by MARK, have acquired a further three assets in Italy. The Bay Fund – an alternative […]
Read More… from Crossbay and Kryalos SGR add three assets to portfolio
Crossbay, the pan-European last-mile logistics platform incubated by real estate investment manager MARK, has completed an acquisition in Hamburg, Germany, purchasing two fully-let warehouses from a private real estate investor. Located in one of Hamburg’s strongest inner-city logistics markets, Allermohe, the assets are arranged across 7,000 sq.m, with immediate access to the A25 and A1 […]
Read More… from Crossbay adds two warehouses to German portfolio
Crossbay, the pan-European last-mile logistics platform incubated by MARK, has completed the acquisition of a 25,514 sq. m. warehouse in Almere, the Netherlands, for circa €25m. The transaction brings Crossbay’s Netherlands portfolio to over 65,000 sq. m. in size. The asset in Almere was acquired from AB Alternative, the real estate arm of Arab Bank Switzerland […]
Crossbay, the pan-European last-mile logistics platform incubated by MARK, has added over 500,000 sq.ft its UK portfolio with the acquisition of four assets for a combined total of over £80m (+€93.3m). Crossbay, which recently announced deals in Italy and the Netherlands as part of its new vehicle, has purchased initial assets in England’s Watford, Leeds […]
Read More… from Second Crossbay vehicle adds over 500,000 sq ft to UK portfolio
Crossbay, the pan-European last-mile logistics platform incubated by MARK, has added almost 40,000 sq.m to its new portfolio with the acquisition of three distribution centres in the Netherlands. Crossbay, which exited its first portfolio to Prologis for €1.6bn in September 2022, has acquired two fully-let assets in the Randstad region and one in Tilburg, South […]
Read More… from Crossbay adds 40,000 sq.m to Netherlands portfolio with triple acquisition
Kryalos SGR and Crossbay, the pan-European urban logistics platform incubated by MARK, have completed the acquisition of a logistics property near Milan. Crossbay’s first transaction in Italy for its second portfolio – following the €1.6bn sale of its first to Prologis in 2022 – was completed through the Bay Fund, a closed-ended fund managed by €12.1bn asset manager Kryalos SGR and […]
Read More… from Crossbay and Kryalos make first acquisition in new Italian fund
Our CEO Marco Riva and Chief Client Officer Michelle Doran spoke with Elena Dragulele of React News on the €1.6bn exit of our first portfolio, our strategy going forward, and the wider market conditions. “[O]ccupier demand is definitely still being driven dramatically by e-commerce. E-commerce is very much still growing and continental Europe is still very much behind Asia or the US or […]
Read More… from React News Q&A with Marco Riva and Michelle Doran
PERE’s 2023 Logistics Report observes a busy year for our urban logistics platform, Crossbay. The report covers the €1.6bn sale of Crossbay’s first portfolio to Prologis, one of the biggest European real estate transactions of the year and a nominee for PERE’s deal of the year. Weeks later it announced the launch of its second vehicle, […]
Read More… from Crossbay featured in PERE’s 2023 Logistics Report
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 […]