Clarion Partners Europe has acquired a 41,000m² (c. 441,320ft²) logistics facility in Dürrholz, western Germany, on behalf of one of its co-mingled funds.
Completed in phases between 2006 and 2019, the single-tenant property is occupied by European B2B tyre distributor Best4Tires on a long-term lease.
The facility serves as Best4Tires’ primary German storage and distribution facility and includes features such as LED lighting throughout and a BREEAM ‘Very Good’ rating.
The property is located in the wider Koblenz market, within a short drive from the A3 highway, which connects two of Europe’s largest economic areas – Rhein-Ruhr and Rhine-Main.
Clarion Partners Europe has deployed over €890m (c. £777m) into the German logistics market in the last 36 months on behalf of its co-mingled funds.
Clarion Partners Europe managing director, Thorben Schaefer, said: “We have high conviction in our long income programme, which offers long-dated, inflation-linked cash flows and a strong defensive profile.
“We anticipate that ongoing macro uncertainty will present further acquisition opportunities across a number of sectors.”
