HB Reavis Group and HB Reavis CE REIF fund have jointly sold for €79 million a 132,000 sq m portfolio of logistics centers in Czech Republic and Slovakia to Macquarie Infrastructure and Real Assets, part of the Macquarie Group, one of the largest global investment banking and diversified financial services groups in the world. The fully-occupied portfolio consists of 2 assets owned by HB Reavis Group and 2 assets held by HBR CE REIF.
The successful divestment of this high quality, fully let industrial portfolio to one of the sector’s top international investors reflects not only the quality of the underlying assets but also the success of our asset management strategy. These logistics centers are well-positioned to give the new owners continued upside and this transaction allows us to focus on our core segments of office and retail, while recycling the released capital into new opportunities,
said Marian Herman, CFO at HB Reavis.
This is the first successful divestment from the HB REAVIS CE REIF fund since it was launched in 2011. It endorses the quality of the assets in the fund´s portfolio and underlines the value the investment management team generates to the fund´s investors. The disposal also paves way for further expansion of the portfolio throughout the Central Europe”