Clarion Partners Europe has added two fully-let industrial assets in the Netherlands worth €80m to its Dutch portfolio.
The real estate fund manager has acquired two newly developed and logistics facilities in Drunen and Hulst for one of its funds, bringing its committed investment in the Netherlands to over €340m since the beginning of 2024.
The 32,900sqm Drunen asset, located in the Tilburg-Waalwijk region, was acquired from developer VolkerWessels Logistics Development. The Hulst asset, located in West Brabant, is a 25,270sqm property acquired from developer REDD.
Max Rooney, VP at Clarion Partners Europe, said: “These transactions are consistent with our fund strategy and commitment to owning tenant critical, future-proofed real estate.
“Both properties are located in core distribution hubs, benefitting from excellent arterial connectivity and proximity to major European ports.”
Rory Buck, managing director at Clarion Partners Europe, said: “The Netherlands is an increasingly pivotal market in the supply chains for both national and global businesses.
“With new development remaining muted, the rental growth outlook in the Netherlands remains compelling, which is underpinning our continued deployment in the region.”
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