Onnec installs and maintains data center cables and equipment racks across Europe and Asia Pacific.
CBRE agreed to acquire London-based Onnec Group for $610 million in cash, The Real Deal reported, citing the Wall Street Journal.
Up to $400 million more could be paid if Onnec hits growth targets in the coming years, pushing the total past $1 billion.
Onnec installs and maintains data center cables and equipment racks, with operations across Europe and Asia Pacific.
Reported by the Deals desk from The Real Deal — National and Wall Street Journal (via The Real Deal). Published . Corrections
Living drew €45.3 billion in nine months, 26% of the total, while UK third-quarter volume rose 5% and France, Germany and Spain fell.
The 391-unit tower was 96% occupied and will be renamed Akari Buckhead.
Redline Property Partners sold the 92%-leased, 108,000-square-foot building it bought for $27.8 million in January 2022.
City National Bank of Florida's $82.1 million construction loan to the buyer is $3.2 million larger than the price.
Nearly 30 offers came in for the 2014-vintage property, which Cushman & Wakefield marketed for Mountain States Properties.
Non-traded REITs, data centers, industrial and manager fundraising. Weekdays at 7:20 a.m. ET.
Free. Weekday mornings. Unsubscribe from any edition in one click.