Clarion Partners Europe acquires €50m warehouse in Czechia

Clarion Partners Europe has invested in Czechia by purchasing a 47,000 m2 warehouse in Zatec for €50 mln through a sale-leaseback agreement. 

Zatec

The acquisition was made on behalf of one of Clarion's commingled funds.
The warehouse, fully leased to automotive interiors supplier Yanfeng under a new 15-year triple-net lease, was constructed between 2012 and 2018. Since 2020, Yanfeng has upgraded the facility with automation, including advanced guided vehicle systems and enhanced production lines.
The property is situated in the Triangle Industrial Zone in Žatec, offering convenient access to the D7 highway linking Prague and Germany, and is about 45 minutes from Prague Airport.
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."
Clarion Partners Europe received guidance from Kinstellar, Grinity, and Deloitte during the transaction, while Yanfeng was advised by CBRE.