CBRE Global Investment Partners (GIP) has completed the purchase of the TH Real Estate European logistics portfolio for around €350 million. CBRE will now have seven logistics assets of around 600,000m² in Spain, France, Germany and the Netherlands.

Jeremy Plummer, head of CBRE Global Investment Partners, said of the deal, “The acquisition gives our investor clients exposure to a high quality portfolio of logistics assets in strategic locations across Europe.”

In Europe, high quality buildings in good logistics hubs will have good returns on investment, particularly in the Western and Southern European markets.

CBRE’s purchase may well be a signal of a return to strength of the European economy as it recovers from the two recent financial shocks that weakened the EU economy for many years.