Clarion Partners to acquire a German-Dutch logistics portfolio from Blackstone for €270m.

Clarion Partners, a real estate investment fund manager, agreed to acquire a German-Dutch logistics portfolio from Blackstone, an alternative investment management company, for €270m. “This was a rare opportunity to acquire a significant Dutch and German portfolio of tenant critical logistics assets, all located within a short distance of major motorway networks and population centres. Alongside strong day one income, the portfolio provides meaningful reversionary potential. Leveraging our proven asset management capabilities to undertake a range of leasing and ESG-led capex initiatives will enable us to capture this upside and future-proof the portfolio," Thorben Schaefer, Clarion Partners Europe Director.