Clarion Partners Europe, a specialist in European logistics and industrial real estate, has purchased a 47,000 sqm warehouse in Žatec, Czech Republic, for approximately €50 million on behalf of one of its commingled funds. The property, developed in phases between 2012 and 2018, is fully leased to Yanfeng, a global automotive interiors supplier, under a new 15-year triple-net lease.

Since 2020, Yanfeng has modernized its manufacturing operations at the site with advanced automation and upgraded production lines, supporting major automotive programs. Situated in the Triangle Industrial Zone, about 45 minutes from Prague Airport, the warehouse enjoys prime access to the D7 highway linking Prague to Germany.

Thorben Schaefer, Managing Director at Clarion Partners Europe, commented: “This transaction is well aligned with our sale-leaseback / long-income strategy, which focusses 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 was advised by Kinstellar, Grinity, and Deloitte, while Yanfeng received advisory support from CBRE.