Clarion Partners Europe is pushing ahead with its significant development pipeline in Spain, constructing c. 65,000 square metres of Grade A logistics space across three schemes in and around Barcelona.
In Esparreguera, a prime Barcelona logistics location 41 kilometres west of the city centre, Clarion Partners Europe has started construction of a 22,000 square metres, Grade A logistics warehouse, due to complete in Q2 2023. The BREEAM Excellent targeted property will have clear heights of 11m, 25x dock doors and 262 parking spaces, and be suitable for single-tenant occupiers seeking distribution capabilities across the Barcelona/Catalonia region.
In Santa Perpetua, a prime Barcelona logistics location 24km north of the city centre, Clarion Partners Europe acquired a c.18,000 square metres plot on behalf of a comingled fund it advises. The Company is planning to bring forward the development of a single-tenant, c.12,000 square metres unit, due to complete in Q1 2024. Targeting a BREEAM Excellent certification, it will be suitable for a wide range of businesses.
In Valls, located between Barcelona and Tarragona, Clarion Partners Europe has started construction of a 21,000 square metres and 9,000 square metres warehouse, with the scheme expected to be delivered in Q3 2023.
Source: Europe-re.com on the 25th of January 2023
https://europe-re.com/clarion-partners-grows-its-spanish-logistics-portfolio/71340