Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has acquired - on behalf of one of its commingled funds - a portfolio of five modern, institutional-quality logistics properties across Germany, totaling 251,793 metres squared. The portfolio was acquired from funds managed by Blackstone. This acquisition takes Clarion Partner Europe's total deployment since March this year to €428 million. The portfolio consists of five modern, Grade A logistics assets with strong ESG credentials.
- A 123,360 metres squared property in Huckelhoven, in the densely populated North Rhine-Westphalia region.
- A 46,358 metres squared property in Waldlaubersheim, 74 kilometres west of Frankfurt.
- A 45,198 metres squared property in Hamm, in the northeastern Ruhr area.
- A 21,818 metres squared property in Linsengericht, 47 kilometres east of Frankfurt.
- A 15,059 metres squared property in Schwabisch Gmund, 60 kilometres east of Stuttgart.
Source: property EU on the 10th of July 2023
https://www.clarionpartners.com/news/cpe-german-logistics-portfolio