Clarion Partners Europe, the real estate investment fund manager specialising in
European logistics and industrial assets, has acquired, on behalf of one of its commingled funds, two
newly developed logistics facilities in Drunen and Hulst, the Netherlands, for c. €80 million. The
separate transactions take Clarion Partners Europe’s committed investment in the Netherlands past
€340 million since the start of 2024.
In Drunen, in the Tilburg-Waalwijk region, Clarion Partners Europe has acquired, a 32,900 sqm,
BREEAM Very Good facility, which was completed in July 2024, from developer VolkerWessels
Logistics Development. It is leased to West Coast Supply Group, a leading wholesaler of premium
brand fast-moving consumer goods, on a seven-year term, serving as a key distribution hub. The
property benefits from its proximity to Europe’s largest port (Rotterdam), and excellent arterial
connectivity, via the nearby A59, A2 and A16, towards Breda, Utrecht, Amsterdam, Rotterdam and
Antwerp.
In Hulst, West Brabant, the Company has acquired, a 25,270 sqm BREEAM Good In-Use property, from
developer REDD. It is let to global supply chain company Yusen Logistics on a five-year term. Hulst is
strategically locatedless than 25-minutes’ drive from the Port of Antwerp, the second largest port in
Europe, whilst more than 15 million people live within a 100-kilometer radius.
Max Rooney, Vice President at Clarion Partners Europe, commented: “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, added: “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.”
Clarion Partners Europe was advised by Savills and Loyens & Loeff on both transactions.
VolkerWessels Logistics Development was advised by Bridgegap, Sight Law and Wenckebach.
REDD was advised by EvolutionRE, TLF Real Estate and AKD.