Clarion Partners Europe completed the acquisition of five German logistics properties from Blackstone for €264m.

Clarion Partners Europe, a private equity firm, completed the acquisition of five German logistics properties from Blackstone, a private equity firm, for €264m. “This German portfolio directly fits with our investment strategy of acquiring modern sustainable logistics assets in locations with barriers to new supply and strong existing tenant demand. We see core markets such as Germany as highly attractive due to the country’s strong underlying property fundamentals. We continue to actively look for further opportunities across Europe which align with this strategy," Rory Buck, Clarion Partners Managing Director.