CBRE Investment Management Launches €300M Industrial Real Estate Platform in Germany with NW1 Partners and URBZ Capital
CBRE Investment Management Expands Industrial Real Estate Presence with €300 Million German Platform
CBRE Investment Management has announced the launch of a €300 million European Industrial Outdoor Storage management platform in partnership with NW1 Partners and URBZ Capital, with €200 million in fresh capital commitments designated for deployment in Germany. The venture marks Europe's first dedicated institutional IOS management platform and represents a significant expansion of the firms' existing partnership.
Through its Indirect Strategies division, CBRE Investment Management committed capital on behalf of its global institutional investors and its real estate secondaries fund, Real Estate Partners 2. NW1 Partners and URBZ Capital are jointly leading investment and asset management for the platform.
The German venture launched with three signed seed assets in Duisburg, Essen, and Cologne, anchored by high-quality tenants in infill locations. The partnership expects to build a portfolio of 30 to 40 assets over the next two years and is actively pursuing additional acquisitions.
Strategic Focus on Germany's Industrial Real Estate Market
The platform targets Germany's industrial heartland and key logistics corridors. The German IOS market remains highly fragmented and early in its institutionalization, creating opportunities for institutional-scale aggregation.
"This new German IOS venture further reinforces our partnership with NW1 and URBZ," said Kilian Toms, Fund Manager, REP2 at CBRE IM Indirect Strategies. "Germany is Europe's largest freight and manufacturing hub and we see a compelling opportunity to scale in this supply-constrained subsector. With significant capital to deploy, we are well-positioned to aggregate a high-quality portfolio and deliver strong returns for our investors."
Commercial Real Estate Financing Structure and Partnership Model
The €300 million overall capital commitment includes €200 million specifically allocated to Germany. NW1 Partners and URBZ Capital work as equal partners in shaping investment strategy, portfolio construction, and execution.
"This venture builds on the IOS platform we have developed together with URBZ and CBRE IM," said David Boyle, Managing Partner at NW1 Partners. "From the outset, NW1 and URBZ have worked as equal partners in shaping investment strategy, portfolio construction and execution. Germany's IOS market remains highly fragmented and early in its institutionalisation, creating a rare opportunity to assemble scale through a disciplined and operationally driven approach. We look forward to continuing our partnership with CBRE IM and URBZ."
Building on Netherlands Platform Success
The German expansion builds on the success of an existing Netherlands-focused IOS venture where NW1 Partners and URBZ Capital previously collaborated. The new German venture marks the next phase of that partnership, establishing a scalable model for aggregating portfolios in strategic industrial and logistics markets across Europe.
"This next step in Germany reflects the strength of the platform NW1 and URBZ have built together over recent years," said Bram Verhoeven and Ali Nassiri, Managing Partners at URBZ Capital. "Our collaboration brings together investment judgement, sourcing capability" and operational expertise to capitalize on market opportunities.