NW1 and URBZ Announce the Closing of Dutch IOS Vehicle at €192 Million of equity with CBRE IM as Final Investor
NW1 Partners and URBZ Capital are pleased to announce the final closing of their Dutch Industrial Outdoor Storage (IOS) vehicle with €192 million of equity committed. The vehicle’s successful close was achieved with CBRE Investment Management (CBRE IM) Indirect Strategies joining as the final investor.
The investment strategy is focussed on the acquisition of low-density industrial assets in existing industrial clusters and logistics corridors across the Netherlands with a view to aggregating a portfolio of IOS assets.
"We are delighted to welcome CBRE IM as an additional sophisticated investor in our Dutch IOS vehicle," said David Boyle, Managing Partner at NW1. "Their commitment underscores the strength of our investment strategy and the compelling opportunity to build one of the first Dutch IOS portfolios of scale"
Max Fabre, Director at CBRE IM Indirect Strategies commented: "We are excited to gain exposure to reversionary IOS properties in strategic locations in the Netherlands, and to provide growth capital to further scale the portfolio. We have strong conviction that the sector will continue to mature, and that the vehicle and our strategic partners are best positioned to create value for our capital sources.
"We are confident that this investment will generate strong returns for our investors by capitalizing on the early-mover advantage in the Dutch IOS market and the robust demand for industrial outdoor storage. Partnering with NW1 and URBZ, who have a strong performance track record, we are looking forward to executing the strategy," added Kilian Toms, Managing Director, Real Estate Secondaries at CBRE IM Indirect Strategies.
The collaboration between NW1 and URBZ has been instrumental in identifying and acquiring highly strategic IOS assets with the pair having already deployed over €130 million in the Netherlands. Ali Nassiri and Bram Verhoeven, Managing Partners at URBZ, added, "With over €130 million of assets already acquired, we are well-positioned to continue capitalising on the compelling early-mover opportunity in the Netherlands.”
About NW1
Established in 2016, NW1 Partners seeks to access niche opportunities, focused on portfolio roll-up strategies that benefit from compelling local market supply and demand fundamentals, in partnership with expert, emerging local operating partners.
NW1 selectively invests in emerging sub-sectors of the industrial and residential real estate sectors and targets small-cap assets at attractive valuations, deploying efficient and strategic
asset management to create added value on behalf of clients. By creating institutional-grade portfolios of scale, NW1 is able to deliver an aggregation premium and improved liquidity at exit.
The firm was founded by industry veterans David Boyle and Brad Beanblossom, with strategic support from Delancey, a leading UK real estate investment management firm. NW1 has offices in London, Chicago and New York. www.nw1partners.com
About URBZ
Established in 2020, URBZ is a premier real estate boutique specializing in the industrial property sector. With a relentless focus on its foundational pillars, including innovation and shared value, URBZ is dedicated to delivering unparalleled value to its stakeholders through strategic investments and exceptional asset management. www.urbzcapital.com
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.2 billion in assets under management* as of December 31, 2024, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
