CBRE IM, NW1 and UBRZ expand IOS partnership

CBRE IM, NW1 Partners, and URBZ Capital are deepening their collaboration by launching a new European platform for Industrial Outdoor Storage (IOS).

Outdoor storage IOS - URBZ

This will be backed by a total capital commitment of €300 mln, of which €200 mln will be allocated specifically to Germany.
This expansion leverages the success of their existing IOS venture focused on the Netherlands. The new German initiative represents the next stage of their partnership, with NW1 and URBZ jointly managing investment and asset management. This extended partnership aims to create Europe's first dedicated institutional IOS management platform, designed to consolidate and expand portfolios within key industrial and logistics markets across the continent.
CBRE IM, through its Indirect Strategies division, has committed capital to this broader partnership on behalf of its global institutional investors and its real estate secondaries fund, Real Estate Partners 2 (REP2). The follow-on venture will concentrate on acquiring IOS assets in Germany's industrial core and major logistics routes.
The German IOS venture begins with three secured seed assets located in Duisburg, Essen, and Cologne. These properties feature strong infill locations and are anchored by high-quality tenants. The venture is actively pursuing further acquisitions and plans to assemble a portfolio of 30–40 assets within the next two years.
Kilian Toms, fund manager, REP2 at CBRE IM Indirect Strategies, said: “Germany is Europe’s largest freight and manufacturing hub, and we see a compelling opportunity to scale in this supply-constrained subsector. With significant capital to deploy, we are well-positioned to aggregate a high-quality portfolio and deliver strong returns for our investors.”
David Boyle, managing partner at NW1 Partners, commented: “From the outset, NW1 and URBZ have worked as equal partners in shaping investment strategy, portfolio construction and execution. Germany’s IOS market remains highly fragmented and early in its institutionalisation, creating a rare opportunity to assemble scale through a disciplined and operationally driven approach.”
Bram Verhoeven and Ali Nassiri, managing partners at URBZ Capital, stated: “Our collaboration brings together investment judgement, sourcing capability and hands-on asset management into one integrated approach, enabling the platform to grow with consistency and discipline as we expand into new markets. The market remains fragmented and locally driven, while institutional awareness and tenant demand continue to strengthen.”