news—06.23.2021

Clarion Partners Europe Secures €30M Loan for Paris Logistics Development

Press Release

Rendering of Reau logistics center

​​​​​​​LONDON​ (June 22, 2021) Clarion Partners Europe​, a real estate investme​nt fund manager specialising in logistics and industrial assets, has closed a €30 million senior development loan and a circa €8 million VAT facility from Caisse d'épargne Ile-de-France (of French banking group BPCE) and a separate account managed by AEW, the global investment manager, to fund the construction of a Grade-A warehouse in Reau, 40 kilometres south east of Paris. Clarion Partners Europe acquired the site, on behalf of one of its  co-mingled funds, in October last year, via a forward funding agreement.

Construction of the institutional quality, 68,642 sqm logistics warehouse is underway and the building is expected to be delivered later this year. The scheme, which will be suitable for a range of tenants, will feature modern, generic and flexible floorplates with clear heights of 11.5m and BREEAM Very Good.

Thorben Schäfer, Investment Director at Clarion Partners Europe, commented: “We are thrilled to be working with Caisse d'épargne Ile-de-France  and AEW on this exciting project. We are committed to growing our footprint in what is one of our key markets and building new lender partnerships."

Guillaume Bricout, Directeur de Clientèle - Grands Comptes Marché des Professionnels de l'Immobilier of Caisse d'Epargne Ile-de-France, commented: “Thanks to its real estate expertise, Caisse d'Epargne Ile-de-France is pleased to participate in the financing of this major project led by Clarion Partners Europe."

​Clarion Partners Europe was advised by First Growth Real Estate Finance, Gowling WLG, Le Breton Notaires and Chatham Financial.

Caisse d'épargne Ile-de-France and AEW were advised by Fieldfisher and Thibierge Notaires.​

Definitions

Footnotes

Disclosures

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

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. Investment in real estate involves significant risk. 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.

close

You are leaving www.clarionpartners.com 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