BrewDog has struck a deal with a U.S. investment fund to sell its Hop Hub distribution center near Motherwell, Scotland, according to the Insider.
Commercial real estate firm, CBRE Global Investors, has more than $100 billion of assets under management. The 129,000 sq. ft. property at the Eurocentral industrial site is one of Europe’s first refrigerated beer warehouses. More than 60 employees work there.
And now CBRE will lease building back to BrewDog for at least 20 years. Specifics of the sale were not available, but Insider reported that CBRE paid more than eight figures.
BrewDog operates breweries in Ellon, Scotland; Brisbane, Australia; and Columbus, Ohio, as well as dozens of taprooms throughout the United Kingdom and continential Europe. The company also acquired the former Stone Brewing facility in Berlin, Germany, in April.
In the U.S., BrewDog operates taprooms in Columbus and Indianapolis.
CBRE is headquartered in Los Angeles and operates 32 offices worldwide, according to the company’s website.