Clarion Partners Europe has completed the acquisition, on behalf of one of its co-mingled funds, of a 41,304 square metres Grade-A logistics property in Venlo, The Netherlands, for €47.4 million, from Patrizia SE.
The grade-A single tenant property, constructed in 2016, is leased to a subsidiary of 3PL logistics and supply chain management business Arvato Group, with four years remaining. In line with Clarion Partners Europe’s commitment to responsible investing, the property has a BREEAM¹ Very Good environmental certification.
It is located in Trade Port Noord industrial park, an established hub for both manufacturing companies as well as logistic service providers, northwest of Venlo city centre. Venlo is a major pan-European distribution hub due to its location within the corridor of the Rotterdam port and proximity to western Germany’s dense population centres.
Source: europe-re.com on the 11th of April, 2024
https://europe-re.com/clarion-acquires-47-4m-logistics-property-in-venlo-from-patrizia-se-nl/72894