Clarion Partners Europe acquires Panattoni logistics park in Voerde, Germany, for c.€75 million
Clarion Partners Europe , the real estate investment fund manager specialising in logistics and industrial assets, has acquired the recently developed Panattoni Logistics Park in Voerde, Germany, for c.€75 million, from Panattoni. Totalling 66,930 square metres of gross lettable area across two Grade-A properties, the investment has been made on behalf of one Clarion Partners Europe’s co-mingled funds, and takes its deployment in Continental Europe’s dominant logistics market since June last year to around €500 million. Developed by Panattoni between...