Clarion Partners Europe continues U.K. warehouse push with 708,000sf acquisition

Clarion Partners Europe (Clarion), a specialist real estate investment fund manager focusing on logistics and industrial assets, has completed the acquisition of three distribution warehouses in Widnes, United Kingdom, on behalf of a commingled fund client.

With a combined area of 708,000 square feet, the newly constructed facilities were purchased from KKR Real Estate Partners Europe II Fund and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe. The investment marks Clarion Partners Europe's second venture in the United Kingdom in 2023. All properties have obtained EPC A and BREEAM “Excellent” certification sustainability ratings, in line with Clarion’s strong commitment to ESG.

Situated in the established logistics market of Widnes, the properties were constructed in two phases throughout 2022. Widnes benefits from excellent connectivity to major northern cities, including Manchester and Liverpool, through well-developed road links.