Clarion Partners Europe has acquired two Grade-A logistics properties totaling 78,486 square meters near Gdansk on behalf of one of its commingled funds for approximately EUR 59 million.
Constructed in 2021 and 2022, the adjacent properties are fully let to five tenants, with LPP, one of Central and Eastern Europe’s largest publicly listed fashion retailers, as anchor tenant.
Located in Pruszcz Gdanski, the site is located a short drive from Gdansk.
“This is a best-in-class property in a highly sought-after distribution location, generating strong day one income,” said Thorben Schaefer, Managing Director, Clarion Partners Europe. “The Polish market is performing well, and we would look to add to our portfolio there going forward.”
“Driven by both investor and occupier sentiment, the bifurcation between Grade-A, highly sustainable space and everything else is becoming more pronounced,” added Rory Buck, Managing Director and Head of European Investments, Clarion Partners Europe. “Our portfolio remains firmly on the right side of the divide, and this latest purchase fully aligns with our highly targeted investment strategy.”
Clarion Partners Europe was advised by the Linklaters law firm, CBRE, and Savills. The unidentified sellers were advised by the Rymarz Zdort Maruta law firm.