news—04.28.2022

Clarion Partners Europe Secures €50M of New Finance Against Two French Logistics Assets

 

Rendering of industrial warehouse with large parking lot

​Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has agreed two new debt facilities, totalling €50 million, secured against its Brébières warehouse and Marolles sur Seine development, in France.

At its Brébières warehouse, which completed in Q2 2021, Clarion Partners Europe has refinanced a previous development loan with a €36.6 million investment facility with ING Bank, Paris Branch. Located within the main French logistics corridor, with 31.5 million people living within 200km, the asset is let to ID Logistics, the international contract logistics group.

At Marolles Sur Seine, in Northern France, Clarion Partners Europe has secured a c. €13 million facility with two funds managed by Zencap Asset Management, which will part fund the development of a 37,295 sqm, institutional quality warehouse. Targeting a BREEAM Very Good certification, the property is strategically located 80km southeast of Paris, which is accessible within one hour's drive via the adjacent A5 motorway with expected completion in Q3 2022.

Rory Buck, Managing Director at Clarion Partners Europe, commented: “Reflecting the strength of our banking and alternative lender relationships across Europe, compelling investment case for logistics real estate, and institutional quality of both assets, these new loan facilities further improve the portfolio's overall debt profile."  


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
  • 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