Clarion Partners Europe has agreed to forward purchase, from Next Level, a 32,000m2 Grade-A warehouse in Waspik, in the Waalwijk municipality, the Netherlands, on behalf of one of its co-mingled funds.
Having acquired two brownfield sites on Maasoever industrial park, Next Level has since combined them into a single, 4.5-ha greenfield site. Targeting a BREEAM Excellent certification and suitable for single or multiple tenant use, construction of the property has commenced and is expected to be completed in Q2 2025.
With close proximity to the A27 and A59 logistics corridors, the property benefits from excellent arterial connectivity to Europe’s two largest ports (Antwerp and Rotterdam) and the European hinterland. Waalwijk, in the Mid-Brabant region, is one of the Netherlands’ most established logistics hubs. The region is characterised by sub 1% vacancy and a development pipeline equivalent to just 0.8% of total stock.
The transaction is Clarion Partners Europe’s second with Next Level this year, following the acquisition of a 39,363m2 build-to-suit warehouse in Helmond.
Rory Buck, Managing Director at Clarion Partners Europe, commented: “Waalwijk is a prime international distribution hub, characterised by historically low vacancy rates and a population of over 10m within a 100-km radius. The highly sustainable property is forecast to be the only one of its size and specification delivered into the local market in the first half of 2025.”
Max Rooney, Vice President at Clarion Partners Europe, commented: “This opportunity to acquire a newly developed, institutional-grade logistics asset, in an undersupplied market with close to zero vacancy, represents a welcomed addition to our growing portfolio in the Netherlands.”
Rene Geujen, Director of Plan Development at Next Level, commented: “This is our second acquisition with Clarion Partners Europe, who recognise our expertise in adding value through transforming complex brownfield sites into the logistics assets of tomorrow.”
Clarion Partners Europe was advised by TLF and Lloyens & Loeff
Image provided by FTI Consulting.
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