Clarion Partners Europe Expands Spanish Logistics Footprint

Press Release

Spanish Logistics Facility

​​​​​​​Leased to a mix of globa​l tenants, 88% of the portfolio’s income is derived from high-growth e-commerce or grocery operations

LONDON (November 12, 2020) - Clarion Partners Europe​ (the “Company”), the real estate investment fund manager specialising in European logistics and industrial assets, has acquired a Spanish portfolio comprising five institutional grade logistics properties, totalling 132,348 sqm, from Prologis Inc., the global leader in logistics real estate. The acquisition, on behalf of one its comingled funds, nearly doubles Clarion Partners Europe’s footprint in Spain from 165,000 sqm to 300,000 sqm, comprising 14 assets in and around the key conurbations of Madrid, Barcelona and Seville.

Located in established and densely developed logistics markets outside of Barcelona and Seville, the individual assets are:

Barcelona region

  • A 42,253 sqm property comprising two identical units, built in 2009 and leased to a Spanish subsidiary of a global 3PL provider. Located in Constanti, it lies at the crossroads of the AP-7, the main Mediterranean motorway running along Spain’s East coast into France, and A-27, in an established logistics location in Barcelona’s 3rd ring.

  • A 25,973 sqm warehouse located in Valls, which benefits from a strong local motorway network. The property is leased to a subsidiary of an American multinational food manufacturer, serving as a key distribution hub for Spain and southern France.

  • A 12,544 sqm property comprising two units in Sant Esteve, a prime logistics location 35 km northwest of Barcelona and 25 minutes away from the Barcelona El Prat International Airport. The larger unit is leased to a Spanish subsidiary of a​n international automotive seating and electrical systems manufacturer, whilst the smaller unit is leased to a Spanish 3PL provider.​

Seville region

  • ​​In Dos Hermanas, Seville’s main logistics hub, a 51,578 sqm warehouse leased to a subsidiary of a French multinational retailer. The property is in an​ established location 18km south of the city centre, with direct access to the A-4 motorway.

Despite the Covid-19 pandemic, Clarion Partners Europe has enjoyed a strong 2020, which has seen it invest nearly €300 million in a mix of standing assets and development opportunities across Spain, France and the Netherlands. Maintaining that momentum, last month the Company announced it had entered into a strategic venture with Bouwinvest Real Estate Investors and a second institutional real estate investor to invest €300 million in strategically located, core plus, value-add and build-to-core logistics opportunities across Europe.

Alistair Calvert, CEO of Clarion Partners Europe, commented:  “This is a rare opportunity to acquire a high-quality portfolio of tenant critical warehouses in established logistics locations, adjacent to key transportation hubs and high-density conurbations. The acquisition adds a number of strong covenants to our portfolio, and provides significant reversionary upside potential upon rollover in what is a buoyant occupier market.”

Clarion Partners Europe was advised by HSF, Arcadis, BNP and Deloitte.​ ​





Get in touch

We're here to answer your questions.

Contact us

Our offices

  • New York (HQ)
  • Boston
  • Dallas
  • Los Angeles
  • Washington D.C.
  • London
  • Frankfurt
  • Jersey
  • Madrid
  • Paris

Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable.

All Clarion Partners LLC and Clarion Partners Europe statistics, data and charts, including but not limited to assets under management (AUM), ESG data, sector data and property data, as well as data related to our investors, tenants and employees, are as of March 31, 2024 unless otherwise noted.

Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future.


You are leaving and being directed to a new site.

You have selected a link that will take you away from the Clarion Partners website. Although we have verified the accuracy of this link from our website to a third party website, the content of the web pages may change without notice. We are not responsible for the content, views, or privacy policies of the third party website. Privacy and security policies of such site may differ from those practiced by Clarion Partners.

By clicking on the ACCEPT button below, you acknowledge the previous statement and will be taken to the linked site. If you want to remain at this site, select the DECLINE button.

Decline Accept