Clarion Gramercy , a real estate investment fund manager specialising in logistics and industrial assets, has acquired a 20,000 sqm logistics warehouse in Großbeeren, south of Berlin on behalf of a co-mingled fund.
The modern, institutional quality warehouse is leased to Lekkerland AG & Co, a national wholesaler for convenience stores, serving as its key Berlin and Brandenburg distribution centre.
Großbeeren is a significant logistics hub benefiting from excellent transport infrastructure. Located 5km south of the Berlin city boundary, it is in close proximity to both the A10 Berlin ring motorway and the B101, leading directly to Berlin. Nearby occupiers include Rhenus, DHL and Kuehne + Nagel.
Rory Buck, Senior Director of Clarion Gramercy, commented: “Passing €760 million of acquisition activity since the beginning of 2018, without compromising on our strict investment criteria, is a considerable achievement and with a talented team of originators in place and access to capital we hope to continue deploying funds at the same pace over the coming months.”
In April 2019, Clarion Partners, LLC, a leading US real estate investment management business with over $53.6 billion of assets under management, acquired a majority stake in Gramercy Europe. The transaction combined Clarion’s leadership position in the US, currently managing an $18 billion, 700-property portfolio of logistics assets, with the experienced Gramercy Europe team which has been responsible for over $3 billion of real estate transactions in Europe in the last six years.
Source : Company