Clarion Partners Europe has acquired a portfolio comprising three Spanish logistics properties, totaling 51,000 square meters (549,000 square feet).
The acquisition, on behalf of one its comingled funds, furthers Clarion Partners Europe’s footprint in Spain, which now totals 350,000 square meters (3.8 million square feet), comprising 17 assets in and around the key conurbations of Madrid, Barcelona, Seville and Zaragoza.
Located in established and densely developed logistics markets around Madrid and Zaragoza, the portfolio comprises an asset in Azuqueca de Henares (Madrid), leased to German logistics group Dachser; a cross-dock facility in Getafe (Madrid), leased to the Spanish national postal service Correos Express; and a newly-built logistics platform in Plaza (Zaragoza), leased to Danish logistics operator DSV.
Alistair Calvert, CEO of Clarion Partners Europe, said, “Despite an increasingly competitive investment market, the strength of our on-the-groun
