Clarion Partners Europe has acquired two newly developed logistics facilities in Drunen and Hulst, the Netherlands, for ca. €80 million on behalf of one of its commingled funds. The separate transactions take Clarion Partners Europe’s committed investment in the Netherlands past €340 million in 2024.
In Drunen, in the Tilburg-Waalwijk region, Clarion Partners Europe has acquired a 32,900 sq m, BREEAM Very Good facility from developer VolkerWessels Logistics Development, which was completed in July 2024. It is leased to West Coast Supply Group on a seven-year term. The property benefits from its proximity to Europe’s largest port (Rotterdam), and direct connection, via the nearby A59, A2 and A16, to Breda, Utrecht, Amsterdam, Rotterdam and Antwerp.
In Hulst, West Brabant region, Clarion Partners Europe has acquired a 25,270 sq m BREEAM rated Good property from developer REDD. It is let to global supply chain company Yusen Logistics on a five-year term. Hulst is strategically located less than 25-minutes’ drive from the Port of Antwerp, the second largest port in Europe.
Max Rooney, Vice President at Clarion Partners Europe, comments: “These transactions are consistent with our fund strategy and commitment to owning tenant critical, future-proofed real estate. Both properties are in strategic distribution locations with excellent accessibility and direct connection to key European ports.”
Rory Buck, Managing Director at Clarion Partners Europe, adds: “The Netherlands is an increasingly pivotal market in the supply chain for both national and global businesses. With new development remaining subdued, the rental growth outlook in the Netherlands remains compelling, underpinning our continued deployment in the region.”
Niek Poppelaars, Head of Logistics & Industrial at Savills in the Netherlands, says: "The acquisitions of these strategically located sites in Drunen and Hulst represent a valuable addition to our client Clarion Partners Europe’s Dutch real estate portfolio and demonstrate the ongoing appeal of high-quality logistics assets. We would like to thank all parties involved for their constructive collaboration."
Clarion Partners Europe was advised by Savills and Loyens & Loeff on both transactions. VolkerWessels Logistics Development was advised by Bridgegap, Sight Law and Wenckebach and developer REDD was advised by EvolutionRE, TLF Real Estate and AKD.