news—03.04.2024

Clarion Europe Continues Acquisition Spree with €50 Million Dutch Warehouse Purchase

Press Release

Tall industrial warehouse with small pond, grass and black fencing

​​​​​​​- Clarion Partners Europe increases its capital deployment in the Netherlands to c.€175 million in 2024 -

Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, has completed the acquisition of a 39,363 sqm, institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7 million, from Dutch developer Next Level. This acquisition takes the total amount of capital deployed by Clarion Partners Europe – on behalf of its commingled funds – in the Netherlands so far in 2024 to c.€175 million.

The BREEAM Very Good¹ certified property, which was constructed in 2022 and is suitable for single or multi-tenant use, is fully let to a global wholesaler.

Located near the centre of Helmond, a fast-growing logistics and industrial hub 15 kilometres east of Eindhoven, the property benefits from an excellent arterial network, with the nearby N270 connecting Eindhoven and Venray and the easily accessible A67 connecting Belgium and Germany.  

Clarion Partners Europe currently manages a 15-asset, 423,000 sqm portfolio of high-quality warehouses in the Netherlands, one of its high conviction logistics markets. This transaction follows the acquisition of two modern logistics assets in Eindhoven and Utrecht from Blackstone.

Rory Buck, Managing Director at Clarion Partners Europe, added: “The fundamentals underpinning the logistics rental growth story in the Netherlands remain compelling, with very low vacancy rates and a limited development pipeline. Our ability to provide deal execution certainty during uncertain times is enabling us to maintain our deployment momentum across our high conviction markets."

Neli Mihova, Vice President at Clarion Partners Europe, commented: “This is a highly sustainable, institutional quality property, that benefits from its proximity to over 18 million people within a 100-kilometre radius. With significant day one reversion, this asset is perfectly aligned with our investment strategy for the Netherlands."​

Clarion Partners Europe was advised by Loyens & Loeff (legal). Next Level was advised by TLF Real Estate (commercial) and Houthoff (legal). ​

​cpe-helmond-netherlands.pdf​

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​¹ Properties may pay registration and certification fees to pursue and maintain ESG rankings, ratings, and certifications.

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