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Clarion Partners Europe acquires warehouse in U.K. Golden Triangle
Transactions - JANUARY 18, 2024

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Clarion Partners Europe acquires warehouse in U.K. Golden Triangle

by Released

Clarion Partners Europe, the real estate investment fund manager specializing in logistics and industrial assets, has completed the acquisition of a modern warehouse in Coventry, England, from BlackRock’s U.K. Property Fund, for £28.25 million ($35.75 million).

It represents the first investment on behalf of Clarion Partners Europe’s core-plus, closed-end U.K. logistics fund, which last month achieved a final close with £427 million ($540.4 million) of equity commitments.

Located on Middlemarch Business Park, an established Golden Triangle distribution hub, the 208,000-square-foot single tenant property is leased to a leading online pet supplies and accessories retailer, on a 10-year lease, with more than four years remaining.

The BREEAM Very Good certified property is 5 kilometers from Coventry city center and benefits from excellent regional and national infrastructure connectivity, adjacent to Coventry airport and with 85 percent of the United Kingdom

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