Clarion Partners Europe extends Netherlands footprint with €47m warehouse acquisition in Venlo

Clarion Partners Europe has completed the acquisition, on behalf of one of its co-mingled funds, of a 41,304-square-meter (444,593-square-foot) class A logistics property in Venlo, The Netherlands, for €47.4 million ($50.9 million), from Patrizia SE.

It takes Clarion Partners Europe’s total deployment in The Netherlands to €222 million ($239 million) in 2024, in what continues to be one of the top-performing European regions from a rental growth perspective.

The class A single-tenant property, constructed in 2016, is leased to a subsidiary of 3PL logistics and supply-chain management business Arvato Group, with four years remaining. In line with Clarion Partners Europe’s commitment to responsible investing, the property has a BREEAM Very Good environmental certification.

It is located in Trade Port Noord industrial park, an established hub for manufacturing companies as well as logistic service providers, northwest of Venlo city center. Venlo is