Logistics and industrial investment specialist Clarion Partners Europe has agreed to forward purchase, from Next Level, a Dutch logistics asset on behalf of one of its co-mingled funds.
Financial details were not disclosed.
The 32,000 m2 Grade-A warehouse in Waspik is situated in the Waalwijk municipality.
Having acquired two brownfield sites on Maasoever industrial park, Next Level has since combined them into a single, 4.5 ha greenfield site. Targeting a BREEAM Excellent certification and suitable for single or multiple tenant use, construction of the property has commenced and is expected to complete in Q2 2025.
With close proximity to the A27 and A59 logistics corridors, the property benefits from excellent connectivity to Europe’s two largest ports (Antwerp and Rotterdam) and the European hinterland.
The transaction is Clarion Partners Europe’s second with Next Level this year, following the acquisition of a 39,363 m2 build-to-suit warehouse in Helmond.
Since January, Clarion Partners Europe’s committed investment in the Netherlands is €262 mln, across five assets totaling 206,000 m2, reflecting its conviction in a market benefitting from the reorientation of supply chains by domestic producers as well as strong consumer spending patterns.
Rory Buck, managing director at Clarion Partners Europe, commented: 'Waalwijk is a prime international distribution hub, characterised by historically low vacancy rates and a population of over 10 million within a 100-kilometer radius.
'The highly sustainable property is forecast to be the only one of its size and specification delivered into the local market in the first half of 2025.'
Max Rooney, vice president at Clarion Partners Europe, commented: 'This opportunity to acquire a newly developed, institutional-grade logistics asset, in an undersupplied market with close to zero vacancy, represents a welcomed addition to our growing portfolio in the Netherlands.'
Rene Geujen, director of plan development at Next Level, commented: 'This is our second acquisition with Clarion Partners Europe, who recognise our expertise in adding value through transforming complex brownfield sites into the logistics assets of tomorrow.'
Clarion Partners Europe was advised by TLF and Lloyens & Loeff.
