Crossbay

— Europe

Portfolio Project

Asset type:

Logistics

Square metres:

590,000 sq m

Pan-European Last Mile Logistics Platform

Crossbay is the latest specialised platform created by MARK and is the first pan-European last-mile logistics platform targeting single-tenant distribution centres close to gateway cities. Incubated by MARK, Crossbay has its own corporate structure and is targeting up to €2bn in total value.

Crossbay’s whole portfolio, approximately 590,000 sq m in total size, currently enjoys a 100 percent occupancy rate and weighted average lease break of five years. Tenants include a mix of 3PLs such as FedEx and DHL and e-commerce brands like Amazon.

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We are creating a long-term institutional platform that will work in parallel to our traditional value-add strategy. For the first time, pension funds will be able to access high quality assets, with grade A occupiers managed by an institutional-grade operator.

Marcus Meijer, CEO, MARK