Clarion Partners Acquires Interest in European Industrial Investor

From left: David Gilbert, Alistair Calvert

NEW YORK CITY—Industrial is the hot asset and Clarion Partners is chasing it, expanding into both Eastern and Western Europe. The US real estate management firm has acquired a majority stake in Gramercy Europe (Jersey) Limited which focuses on pan-European logistics and industrial assets. Gramercy Europe will become an operating business of Clarion and will be renamed Clarion Gramercy, maintaining its offices in London, Berlin and Barcelona.

A spokesperson for Clarion tells GlobeSt.com that this is their first foray into Europe. The story of e-commerce taking its toll on brick-and-mortar retail and the rise of the industrial sector is a well-known narrative in the US. As Europe is a bit behind the US in the Amazon effect, the spokesperson explains that now is a good time for Clarion to invest—going where there are the best opportunities.