Clarion Partners Europe, a real estate investment fund manager specialising in logistics and industrial assets, has acquired a 61,769 m2 logistics asset in Sury-le-Comtal, France, on behalf of one of its co-mingled funds.
Completed in January 2023 and suitable for single or multi-tenant use, the BREEAM Excellent-certified and net-zero-carbon property is fully let on long lease firm term to Logistique Alainé, the logistics division of Groupe Alainé, a supply chain management specialists.
The asset is located in the “Plaines” Industrial Zone of Saint-Étienne, within the Greater Lyon market.
Clarion Partners Europe currently manages 400,000 m2 of high-quality warehouses in France.
Geoffroy de Guibert, director at Clarion Partners Europe, commented: 'This was a rare opportunity to acquire a highly sustainable warehouse, in a fast-growing logistics market, with a very attractive day one income profile and future reversionary potential.'
Rory Buck, managing director at Clarion Partners Europe, added: 'France continues to be a high-conviction market for Clarion, where we see robust occupier fundamentals and have a strong acquisition pipeline.'
