- Approximately 30% of the Fund’s c. €1.1 billion of available firepower has been deployed or allocated to transactions -
November 3, 2026 – Clarion Partners, a leading real estate investment manager with €64.1 billion under management, is pleased to announce the final close of its Clarion Europe Sale-Leaseback Fund III (the “Fund”), having raised €552 million of equity. Capital was secured from global investors, including commitments from Europe, U.S., Middle East, and Asia along with sponsor co-investment.
“Underscoring Clarion’s long-term commitment to delivering strong performance and innovative investment solutions to our clients, this successful fundraise represents another important achievement in the expansion of our European business,” said Managing Director and Head of Investment Rory Buck. “The capital raised provides us with the scale and flexibility to continue executing on one of our highest conviction strategies in Europe’s most established markets. It underscores the enduring appeal of the European commercial real estate sector and recognition of the performance that our expert team has delivered over time.”
The Clarion Partners team in Europe has its roots as a specialist net lease investment platform with €2.7 billion transacted since inception. The Fund is the third in a series, and its capital raising success reflects sustained global demand from investors for exposure to high-quality, long-income real estate across established European markets.
The core-plus investment strategy will target institutional-grade, mission-critical assets leased to strong credit tenants, generating diversified, inflation-indexed long-term income. The Fund has the flexibility to invest across all property types. In addition to originating sale-leasebacks, the Fund will also acquire leased assets and pursue build-to-suit transactions. In line with Clarion Partners’ commitment to owning and managing real estate that supports the net zero transition and delivers a meaningful societal impact, the Fund will report under Article 8 of the EU’s Sustainable Finance Disclosure Regulation.
“Recent dislocation in capital markets has resulted in the tightening of available liquidity for corporates, with sale-leasebacks providing an attractive and growing alternative to bank financing,” said Managing Director Thorben Schaefer. “This is creating an opportunity for specialist net lease managers and investors such as Clarion who are seeking exposure to assets that are integral to the operations of high-quality businesses and generate predictable, long-term cash flows.”
To date, the Fund has acquired 10 assets, the majority via off-market transactions, totaling c. 123,000 sqm across Germany, the Netherlands, Portugal, and the Czech Republic.
Threadmark acted as global placement agent.