Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, announced it has completed a €54 million senior debt facility with ING Bank, secured against three Dutch warehouses, two of which were acquired in 2024.
The transaction is the sixth financing between the two parties since August 2023, totalling €347 million. Secured against 27 properties totalling 800,000 square metres across the key European logistics markets of the Netherlands, Germany, France and the UK, all the loans are green, reflecting the strong sustainability credentials of Clarion Partners Europe’s portfolio.
The Dutch loan comprises a €36.4 million acquisition tranche secured against two recently acquired Grade A, prime logistics warehouses in Venlo and Helmond, and a €18.1 million refinancing tranche secured against a modern, 22,524 square metre logistics facility on the edge of Rotterdam Port, which Clarion Partners Europe acquired in 2022.
Source: Press release sent 16 July 2024