news—12.16.2022

Clarion Partners Europe Acquires Land Plot To Develop Valls Logistics Park in Spain

Press Release

Rendering of two white industrial warehouses

​​​​​​​Clarion Partners Europe acquired a land plot of 53,000 sqm from Carbonell Figueras, S.A. in Valls, Tarragona, in order to develop the 30,000 sqm Valls Logistics Park. The development will take place across two warehouses, one of 21,000 sqm and the other of 9,000 sqm. Its location in the Valls industrial park, next to logistics facilities of large companies such as Ikea, Kellogg's, Lear Corporation, Griffith Foods and XPO Logistics, among others, makes the assets extremely attractive to corporations and logistics operators. Valls is strategically located in close proximity to the AP-2 logistics corridor between Barcelona and Madrid and the AP-7 corridor running from Barcelona to Valencia. The warehouses are being built to modern standards, including 11.5m clear height, BREEAM Very Good,  32 dock door and over 300 parking spaces. The development will feature solar photovoltaic panels and LED lighting. Construction has commenced and the building is expected to be delivered in Q2 2023. Carbonell Figueras is the developer. 

Clarion Partners Europe was advised by CBRE on the buyside, Herbert Smith Freehills on legals and Arcadis on technical/environmental. 

Simultaneously, CBRE and JLL have commenced the commercialization of the Valls Logistics Park, managed by Clarion Partners Europe, on a co-exclusive basis.  ​

-ENDS-

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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 https://adviserinfo.sec.gov/firm/summary/108803. 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.

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