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Clarion Gramercy continues Pan-European deployment with Berlin warehouse purchase
Transactions - JANUARY 9, 2020

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Clarion Gramercy continues Pan-European deployment with Berlin warehouse purchase

by Released

Clarion Gramercy has acquired a 20,000-square-meter (215,000-square-foot) logistics warehouse in Großbeeren, south of Berlin, on behalf of a commingled fund.

The modern, institutional-quality warehouse is leased to Lekkerland AG & Co, a national wholesaler for convenience stores, serving as its key Berlin and Brandenburg distribution center.

Großbeeren is a significant logistics hub benefiting from excellent transport infrastructure. Located 5 kilometers south of the Berlin city boundary, it is in close proximity to both the A10 Berlin ring motorway and the B101, leading directly to Berlin. Nearby occupiers include Rhenus, DHL and Kuehne + Nagel.

“Despite strong investor appetite for European logistics, a combination of our track record and local market expertise is helping us continue to acquire good quality properties, which have strong rental growth prospects. Passing €760 million [$843 million] of acquisition activity since the beginning of 2018, w

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