Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has completed the acquisition of a 39,363 square metres, institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7 million, from Dutch developer Next Level. This acquisition takes the total amount of capital deployed by Clarion Partners Europe – on behalf of its commingled funds – in the Netherlands so far in 2024 to c.€175 million.
The BREEAM Very Good certified property, which was constructed in 2022 and is suitable for single or multi-tenant use, is fully let to a global wholesaler.
Located near the centre of Helmond, a fast-growing logistics and industrial hub 15 kilometres east of Eindhoven, the property benefits from an excellent arterial network, with the nearby N270 connecting Eindhoven and Venray and the easily accessible A67 connecting Belgium and Germany.
Clarion Partners Europe currently manages a 15-asset, 423,000 square metres portfolio of high-quality warehouses in the Netherlands, one of its high conviction logistics markets. This transaction follows the acquisition of two modern logistics assets in Eindhoven and Utrecht from Blackstone.
Source: press release sent on the 4th of March, 2024