Clarion Partners makes €50 million warehouse acquisition in the Czech Republic

Clarion Partners Europe, a real estate investment fund manager specialising in European logistics / industrial assets and sale-leasebacks, has acquired a 47,000 sqm warehouse in Zatec, Czech Republic, for around €50 million, on behalf of one of its commingled funds.

Completed in phases between 2012 and 2018, the property is fully let to Yanfeng, a leading global automotive interiors supplier, on a new 15-year triple-net lease.

Yanfeng has modernised its manufacturing operations through strategic automation investments since 2020, implementing advanced guided vehicle systems and upgraded production lines to enhance efficiency and support key programs with automotive leaders.

The property is located in the Triangle Industrial Zone in Žatec, c. 45 minutes from Prague Airport. The location benefits from excellent motorway access, with the directly adjacent D7 highway connecting Prague with Germany.

Thorben Schaefer, Managing Director at Clarion Partners Europe, commented: “This transaction is well aligned with our sale-leaseback / long-income strategy, which focuses on acquiring high-quality assets with long-term leases to strong tenants. It builds on our nearly 20-year track record of sourcing, structuring and executing sale-leaseback transactions across Europe.”

Max Rooney, Director at Clarion Partners Europe, added: “This was a rare opportunity to acquire a mission-critical asset at a defensive entry basis, secured by a 15-year triple-net lease to a strong covenant, and we are delighted to have Yanfeng join our tenant roster.”

Kinstellar, Grinity and Deloitte advised Clarion Partners Europe. Yanfeng was advised by CBRE.