Clarion Partners Europe has entered a contract to acquire a portfolio of eight modern logistics properties across Germany and the Netherlands, totaling c. 241,400 square meters (2.6 million square feet), for €270 million ($293 million), on behalf of one of its commingled funds.
The portfolio was acquired from funds managed by Blackstone.
Since March 2023, Clarion Partners Europe has now deployed or committed to deploy €960 million ($1.04 billion) into high-quality European logistics assets.
The portfolio consists of six modern logistics assets in Germany and two similar assets in the Netherlands, which are close to major urban hubs and directly connected to major arterial routes:
A 38,700-square-meter (416,600-square-foot) property in Michelsrombach. The property has a DGNB Gold certification and is fully let to a logistics and transport service provider.
A 27,900-square-meter (300,300-square-foot) property in Halle, 15 kilometers (9.3
