CBRE brokered the sale of the C.S.CARGO occupied portfolio
CBRE, a global leader in real estate services, arranged the sale of a regional industrial property portfolio fully occupied by C.S.CARGO, a leading Czech based logistics company with a strong presence throughout Central Europe. The portfolio, totalling 22,600 square meters with locations in Liberec, Jičín and Litomyšl was sold by Tuffieh Funds to Investika. C.S.CARGO will remain a long term tenant at all three properties and will continue to utilise the locations to serve mainly automotive industry clients.
We are extremely pleased at having been able to represent Tuffieh Funds in this transaction and in helping them to achieve their goal. We wish to congratulate Investika on the acquisition of this portfolio which is leased long term to C.S.CARGO, one of the strongest logistics companies in Central Europe. This transaction presents a rare opportunity to gain exposure to the dynamic Czech I&L sector, which continues to feature high levels of take-up, rental growth and record low levels of vacancy.
We felt that it was an opportune time to divest this portfolio of properties in order to take advantage of the current situation on the market, where logistics real estate is currently in such high demand. We are very pleased to have been advised by the CBRE team who provided tailor-made service in the transaction process.