Global property advisor CB Richard Ellis announced on Tuesday that it plans to offer 50 million shares in a public offering. The underwriters of the proposed offering an option to purchase an additional 7.5 million shares to cover over-allotments. Although CBRE declined to price the offering, it could raise up to $355 mln (EUR 280 mln).
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
