CBRE GI Fund acquires Ideal Idea Park

CBRE Global Investors announced that it has purchased Ideal Idea Park from BPH TFI investment fund for some €32 million. “It is our third acquisition in the area. Previously, we acquired Warsaw Distribution Center in December 2012 and Manhattan Business & Distribution Centre in November 2013. ... We hope that the acquisition will increase fund’s profits and will meet the requirements of our investors,” said Richard Everett, managing director of CBRE Global Investors. Ideal Idea Park is located on ul. Działkowa, Warsaw. It has 20,200 sqm of warehouse space and 10,400 sqm of office space. CBRE Global Investors is a global real estate investment management firm with $88.6 billion in assets under management.