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Article: Heitman Establishes Crescent Euro Industrial II LLC, a euro 300 Million Distribution Warehouse Joint Venture With First Islamic Investment Bank E.C.
- Article from:
- PR Newswire
- Article date:
- December 2, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 2 /PRNewswire/ -- Heitman LLC, a multi-national real estate investment management firm, today announced the creation of Crescent Euro Industrial II LLC ("CEI-2"). CEI-2 will invest approximately euro 300 million ($350 million) in warehouse / distribution and logistics properties in France, Germany and Italy. In addition, Heitman announced the opening of an office in Frankfurt as an expansion of its extensive European infrastructure.
CEI-2 is an expansion of the Crescent Euro Industrial platform ("CEI Platform") created by First Islamic Investment Bank E.C. ("First Islamic") in December 2002. CEI-1 was formed and acquired euro 90 million of ...