Clarion Partners Europe to invest €47m in French logistics development

Clarion Partners Europe has agreed to forward fund a class warehouse in Boisseaux, south of Paris, for €46.6 million ($56.53 million). The vendor Quartus Logistique will also act as development manager.

Since the start of 2018, Clarion Europe has invested more than €430 million ($522 million) in the French logistics market, acquiring a mix of standing assets and developments and reflecting its conviction in a market experiencing one of Europe’s fastest growing rates of ecommerce penetration.

Clarion Europe will fund the development of an institutional-quality, 74,245-square-meter (799,167-square-foot) logistics warehouse divisible for up to four units and suitable for a range of potential tenants. Construction is due to commence this month and is expected to complete in the fourth quarter 2020. A pre-let has been agreed for 42 percent of the floor space (31,000 square meters/101,706 square feet).

Boisseaux is strategically located 47 kilometers (29 miles)