Clarion Partners Europe has acquired, on behalf of one of its commingled funds, a class A warehouse in Rotterdam, in the Netherlands, for €43 million ($46 million).
Located in the business park De Dijk in Maassluis, adjacent to the Rotterdam port and a 20-minute drive west of Rotterdam city center, the 22,524-square-meter (242,446-square-foot) logistics facility was recently completed in 2021. The freehold property is fully let on a long-term lease.
Maassluis is an attractive logistics location benefiting from its proximity to Rotterdam center and The Hague, both accessible directly via the nearby A20 motorway. Furthermore, a new tunnel, due to open in 2024, will connect the property with Europe’s largest port, the Port of Rotterdam, in just 10 minutes.
The Netherlands is a key market for Clarion Partners Europe, having recently agreed to forward purchase a new warehouse development in Zaandam from the Dutch subsidiary of leading German 3PL provider Fiege.
