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 […]
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., […]
Read More… from Crossbay’s first portfolio bought by Prologis for €1.6bn
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. […]
Read More… from Crossbay acquires German warehouse portfolio from Tristan Capital
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 […]
Read More… from Thor Equities Group closes sale of Prime European Logistics Portfolio to Crossbay
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 […]
Read More… from Crossbay appoints former Mirastar investment director as head of acquisitions
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 […]
Read More… from Crossbay expands presence in Spain with €60m Barcelona acquisition
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 […]