Linklaters advised MERLIN properties, while Herbert Smith Freehills advised Clarion Partners Europe on the deal.
Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, executd the acquisition of a portfolio comprising three Spanish logistics properties, totalling 51,000 sqm.
The acquisition, on behalf of one its comingled funds, furthers Clarion Partners Europe’s footprint in Spain which now totals 350,000 sqm comprising 17 assets in and around the key conurbations of Madrid, Barcelona, Seville and Zaragoza.
Located in established and densely developed logistics markets around Madrid and Zaragoza, the portfolio comprises (i) an asset in Azuqueca de Henares (Madrid), leased to German logistics group Dachser, (ii) a cross-dock facility in Getafe (Madrid), leased to the Spanish national postal service Correos Express, and (iii) a newly-built logistics platform in Plaza (Zaragoza), leased to Danish logistics operator DSV.
Clarion Partners Europe is focused on investing in logistics and light industrial properties located across Germany, the Netherlands, France, Spain, Italy and other European countries.
MERLIN Properties SOCIMI (Spanish REIT regime) is one of the leading real estate companies listed on the Spanish Stock Exchange (IBEX-35), for the acquisition and management of commercial assets in the Iberian Peninsula. MERLIN focuses on the acquisition, active management, operation and selective rotation of commercial real estate assets in the segment of “Core” and “Core Plus”, mainly in Spain and to a lesser extent in Portugal. The Company is focused on the office, retail and logistics.
Linklaters advised MERLIN properties with Real Estate counsel Gabriel Cabello.
Herbert Smith Freehills advised Clarion Partners Europe with a team led by partner and head of Real Estate Tomás Díaz (Picture), and included junior associates Álvaro Nieto, Martín Nuñez, Dany Al-Tinawi.
Involved fees earner: Dany Al-Tinawi – Herbert Smith Freehills; Tomás Díaz Mielenhausen – Herbert Smith Freehills; Álvaro Nieto – Herbert Smith Freehills; Martín Nuñez – Herbert Smith Freehills; Gabriel Cabello – Linklaters;