CBRE has been mandated to manage the industrial portfolio of Cromwell European Real Estate Trust (CEREIT) in the Czech Republic and Slovakia.
The CEREIT portfolio in the Czech Republic and Slovakia comprises eleven industrial and logistics properties with a total leasable area of 125,000 sqm, which the fund recently bought together with other lands for new construction from Arete. The buildings are almost 100% occupied by such tenants as CTE Cargo Sped and Fiege.
"All logistics and industrial properties in the CEREIT portfolio are located in strategic locations – whether that’s in a park in Lovosice, Písek, Uherské Hradiště and Vyškov or in Nové Mesto nad Váhom in Slovakia. Our comprehensive services will include the management of these properties and their further enhancement. Among other things, we will soon start the process of certification of these buildings according to BREEAM In-use standards, which will assess their quality and environmental friendliness. All the buildings are almost 100% leased, however, we will participate in the future development of the portfolio because the acquisition also includes another 140,000 sqm of land intended for further construction with a dominant development in Slovakia,” said Helena Hnízdilová, Head of Property Management - Office & Industrial at CBRE.
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