News Article CBRE GI Czech Republic industrial investment logistics Stage Capital
by Property Forum | Investment

Stage Capital has sold a 151,000 sqm portfolio of Czech logistics assets to CBRE Global Investors for €125 million. The portfolio includes four standing assets and development land with planning permission for one more asset.


Lately the company has sold its Polish logistics portfolio, five assets with a combined area of 126,289 sqm, to The Hines Poland Sustainable Income Fund (HPSIF). It also sold its shares in The Mall in Sofia to Hystead-owned Hyprop Investments for €156 million and its stake in white marble extraction and processing firm Mermeran to Pavlidis S.A, Marble-Granite for €73 million.
 
Stage’s remaining CEE portfolio includes a large retail mall in Poland. Stage continues to focus on developing its pipeline of complex secondary transactions of portfolios and single assets, as well as on real estate investment in Central and Eastern Europe.