DLA Piper has advised global real estate advisor CBRE on its investment and strategic partnership with Stowga, the UK's first online marketplace for warehouse occupiers and logistics companies.

The deal sees CBRE become Stowga's strategic real estate advisory partner after finalizing an equity investment in the property tech firm, which launched last year. CBRE is the largest commercial real estate services firm in the world and its partnership with Stowga will help the startup accelerate its mission to optimize warehouse space by providing "on demand" and short-term logistics requirements through its online platform.

Lead partner on the deal Rob Salter (Corporate, London) said: "CBRE is at the forefront of technological advances in the real estate sector and we are delighted to have completed this deal for our long-term valued client. Our team demonstrated their skill and professionalism in finalizing this agreement which will help our client to continue to build on their success in innovative real estate solutions."

Martin Samworth, CEO, EMEA at CBRE, said: “Technological advances are driving an ever-increasing omni-channel environment, which brings unique challenges but also fantastic opportunities for our clients. Our strategic relationship with Stowga demonstrates CBRE’s commitment to remaining at the forefront of digital innovation and at the heart of the ‘business of retail’, which in turn provides our clients with improved flexibility, cost optimisation and a true competitive advantage.”

The DLA Piper team in London was led by partner Rob Salter with support from associates Dylan Kennett and Jose Buigues (all Corporate). The Intellectual Property & Technology team was led by partner Anthony Day and legal director Elizabeth Osako.