Wednesday, November 25, 2020
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Clarion Acquires Five Logistics Assets in Spain from Prologis

The American management company, through its European subsidiary, has acquired a logistics portfolio consisting of a total of 132,350 square metres of assets in the provinces of Barcelona, Tarragona and Seville.

Clarion Partners Europe, the real estate investment fund manager specialised in logistics assets, has acquired a portfolio consisting of five logistics assets in Spain from the company Prologis. The firm agreed to pay €90 million, according to market sources.

The logistics portfolio, which totals some 132,350 square metres, includes properties in Catalonia and Andalusia.

Specifically, the firm purchased a 42,253-square-metre asset that includes two warehouses in Costantí (Tarragona), built in 2009 and leased to a global supplier of 3PL. The warehouses are located at the junction of the AP-7 and the A-27, on Barcelona’s third ring road.

Read the full article in Spanish

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