Clarion Partners Europe has added a 31,000sqm warehouse to its German portfolio.
The real estate fund manager said it has acquired the fully-let asset in Bitburg from Panattoni for €35m in a forward funding transaction.
Thorben Schaefer, a senior director at Clarion Partners Europe, said: “This is a highly sustainable, mission critical asset, with strong road connectivity, providing a long-term inflation hedge via annual indexation. Furthermore, targeting a DGNB Gold-certification aligns with our commitment to the development of future proofed real estate.”
Rory Buck, MD at Clarion Partners Europe, said: “We remain highly disciplined in our deployment activity, utilising a variety of structures, including forward funding agreements with established operating partners such as Panattoni.”
Since December 2023, Clarion Partners Europe has acquired 15 assets in Germany, with a total gross development value exceeding €650m.
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