Clarion Partners Europe acquires 78,500 sqm logistics facility near Gdansk

Real estate investment fund manager Clarion Partners Europe has acquired, on behalf of one of its co-mingled funds, two Grade-A logistics properties, totalling 78,486 sqm, near Gdansk, within the fast-growing Tricity urban area of Poland, for c. €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 tenants. Both properties are ideally positioned to meet the growing demand from a range of occupiers in the region.

Located in Pruszcz Gdánski, the site is strategically located a short drive from Gdansk. Adjacent to the S6/S7 ring road, it provides fast access to approximately 2.9 million inhabitants within a 100-kilometre radius. Occupiers benefit from good pan-European connectivity via the nearby E75/A1 motorway, as well as the Port of Gdansk, the second largest port in the Baltic Sea and ninth in Europe by annual cargo tonnage (30 minutes’ drive time).

Thorben Schaefer, Managing Director, Clarion Partners Europe, commented: “This is a best-in-class property in a highly sought-after distribution location, generating strong day-one income. The Polish market is performing well, and we would look to add to our portfolio there going forward.”

Rory Buck, Managing Director and Head of European Investments, Clarion Partners Europe, added: “Driven by both investor and occupier sentiment, the bifurcation between Grade-A, highly sustainable space and everything else is becoming more pronounced. 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 Linklaters (legal), CBRE (technical, environmental and ESG) and Savills.