Clarion Partners Europe has acquired a 47,000 sqm warehouse in Žatec, Czech Republic, on behalf of one of its commingled funds.
Completed in phases between 2012 and 2018, the property is fully let to Yanfeng, an 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 in the Triangle Industrial Zone in Žatec, 45 minutes from Prague Airport. The location benefits from motorway access, with the directly adjacent D7 highway connecting Prague with Germany.
“This transaction is well aligned with our sale-leaseback and long-income strategy, which focuses on acquiring quality assets with long-term leases. It builds on our nearly 20-year track record of sourcing, structuring and executing sale-leaseback transactions across Europe,” commented Thorben Schaefer, Managing Director at Clarion Partners Europe, on the transaction worth €50 million.
Clarion Partners Europe was advised by Kinstellar, Grinity and Deloitte. Yanfeng was advised by CBRE.
