Clarion Partners Europe has acquired a 41,000sqm logistics facility in Dürrholz, Germany, on behalf of one of its funds.
The facility, which was built between 2006 and 2019, is occupied by Best4Tires under a long-term lease.
Financial details were not disclosed.
Neli Mihova, vice president, Clarion Partners Europe, said: “This was a rare opportunity to acquire a mission-critical asset in one of our key markets. The property is a functional logistics facility leased to a resilient occupier.”
Thorben Schaefer, managing director, Clarion Partners Europe, 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.”
To read the latest IPE Real Assets magazine click here.
