Clarion Partners Europe, the real estate investment fund manager specialising in European logistics / industrial and sale-leaseback assets, has acquired, on behalf of one of its commingled funds, a newly-built, 125,000 sqm logistics asset near Leipzig, Germany, from Garbe Industrial.
The asset was completed in 2024, targets DGNB Platinum certification, and is equipped with LED lighting, photovoltaic panels, and fossil-free heating. Tenants are companies from the automotive industry.
The asset benefits from good connectivity to both regional and national infrastructure. The A9 motorway, accessible within three-minutes' drive time, provides a direct route to Leipzig and its population of c. 600,000, and serves as a critical North-South corridor linking Berlin and Munich. Leipzig's international airport, Germany's second-largest air cargo hub, is accessible within a 25-minute drive time.
Thorben Schaefer, Managing Director at Clarion Partners Europe, commented: “This was a rare opportunity to acquire a best-in-class, newly delivered logistics facility, in a dynamic and fast-growing region of Germany at a defensive basis. With market dislocation continuing to provide compelling investment opportunities, we are well placed to further scale our portfolio of high-quality, mission critical logistics assets."
Rory Buck, Managing Director, Clarion Partners Europe, added: "We have continued conviction in the long-term fundamentals of the German logistics market, and are excited to add two blue-chip tenants to our pan-European occupier roster."
Clarion Partners Europe was advised by Goodwin Procter on legal matters and by CBRE on technical and environmental aspects. The vendor was advised by Logivest Stuttgart GmbH and Norton Rose Fulbright.