Clarion Partners Europe has agreed to forward purchase a 75,700m2, institutional-quality logistics development in Fontaine, France, for €61m.
The property was developed by Vailog and completed in February 2025. Attaining a BREEAM ‘Outstanding’ certification, the fully electrified property’s features will include photovoltaic (PV) panels, 40 electric vehicle charging points and smart metering technology.
The multi-tenant building is fully let to Compagnie Industrielle des Chauffe-Eau, a subsidiary of a leading HVAC specialist Group Atlantic, on a nine year term, and Italian 3PL Zust Ambrosetti.
It is located on ZAC de l’Aeroparc, a logistics park in the established industrial region of Bourgogne-Franche Comté, which is occupied by a number of established 3PL and e-commerce businesses. The site benefits from good pan-European connectivity via the nearby A35 and A36 motorways.
Geoffroy de Guibert, Director at Clarion Partners Europe, commented: “This acquisition demonstrates our commitment to delivering highly sustainable real estate alongside established development partners, and our longer-term value creation strategy. The asset combines renewable energy with a strong day-one income.”
Rory Buck, Managing Director at Clarion Partners Europe, added: “The start of 2025 has seen us continue where we left off in 2024, deploying capital at pace and scale into our high conviction asset class.”
Clarion Partners Europe was advised by Ireo, LeBreton Notaires, Prad Avocats and Allen&Overy.
Image Source - Clarion.
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