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 […]
Category: Press Release
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 […]
Crossbay appoints head of Germany to accelerate growth
● New country lead will aim to increase AUM to €300m over the next three years ● Clemens Goss will be supported by ex-CBRE broker Cristian Siegmund ● Crossbay Germany currently manages four last-mile assets Crossbay, the first pan-European urban logistics platform to target single-user distribution centres, has appointed Clemens Goss to lead its German […]
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Crossbay acquires €60m French last-mile logistics portfolio
Off-market transaction sees Crossbay secure France-wide logistics portfolio All properties are fully let and located in prime infill sites in core French cities Crossbay plans further acquisitions in France following successful fundraise Crossbay, the first pan-European urban logistics platform to target single-user distribution centres, has acquired a fully-let €60mportfolio of nine properties located across France […]
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Urban logistics platform Crossbay announces new head of asset management
· Ben Ryan has over 15 years’ working with major real estate investors across Europe · As head of asset management at Crossbay, Ryan will be responsible for one of Europe’s fastest growing last mile logistics portfolios · Crossbay was launched in May 2020 by pan-European investment manager MARK Crossbay, the first pan-European logistics […]
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MARK’s urban logistics platform Crossbay agrees €400m debt facility with Citi
Refinancing follows successful €550m equity raise from leading global investors Debt funding will support Crossbay’s continued growth and expansion across Europe Crossbay forms a key part of MARK’s multi-platform strategy, alongside platforms focusing on European multifamily, digital and life sciences real estate Crossbay, the first pan-European logistics platform to focus on single-tenant distribution centres, has […]
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MARK’s urban logistics platform Crossbay secures €550m in equity commitments to support portfolio growth
Investor interest despite pandemic underlines strength of demand for last mile logistics Crossbay is to target €1.5bn in GAV, focusing on single-tenant assets near gateway cities Crossbay forms a key part of MARK’s multi-platform strategy, with earlier platforms spanning UK residential, premium fashion outlets and prime retail and offices Leading private equity real estate investment […]
Meyer Bergman’s secures first German last-mile asset for new urban logistics platform Crossbay
SEPTEMBER 2020 Pan-European real estate specialist continues last-mile journey with 5,000 sq. m. distribution centre acquisition Deal marks Meyer Bergman’s entrance into the German logistics market and follows purchase of majority stake in Frankfurt residential-led portfolio Crossbay recently acquired two assets close to Amsterdam port and city centre Leading private equity real estate investment manager […]