{"id":1004315387,"date":"2019-04-10T01:50:59","date_gmt":"2019-04-10T09:50:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004315387"},"modified":"2019-04-10T05:05:34","modified_gmt":"2019-04-10T13:05:34","slug":"clarion-acquires-16b-logistics-player-gramercy-europe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/","title":{"rendered":"Clarion Acquires Logistics Player Gramercy Europe"},"content":{"rendered":"
\"\"<\/a>

Clarion Gramercy property in Rotterdam. Image courtesy of Clarion Partners<\/i><\/p><\/div>\n

New York-based Clarion Partners has made its first foray into the European property market by buying a majority stake in logistics and industrial investor Gramercy Europe, adding to its own $16 billion, 700-property portfolio of logistics assets.<\/p>\n

Clarion will add Gramercy Europe to its $50 billion platform and rebrand the company as Clarion Gramercy. The business will continue to be led by current Gramercy Europe CEO Alistair Calvert and will maintain its offices in London, Berlin and Barcelona.<\/p>\n

The deal with Clarion was first reported by PERE. The transaction comes after a Blackstone real estate fund completed its buyout of Gramercy Europe\u2019s parent company<\/a> Gramercy Property Trust for about $7.6 billion last October.<\/p>\n

Building a European logistics player<\/h2>\n

Real estate investment veteran Calvert set up ThreadGreen Partners in 2006. Gramercy Property Trust acquired the business in 2014 and rebranded it as Gramercy Europe. Calvert\u2019s team has since handled more than $3 billion of real estate deals in Europe.<\/p>\n

The pan-European fund manager specializes in single-tenant logistics and light industrial properties, with a primary focus on Germany, the Netherlands, France and Spain. Gramercy acquires assets with existing leases, invests through sale-leaseback transactions and funds build-to-suit developments. The company has an active investment pipeline across the continent.<\/p>\n

\u201cWe plan to continue capitalizing on the expansion of the undersupplied European logistics property market and leveraging the deep relationships that we have built with some of Europe\u2019s leading businesses,\u201d<\/em> noted Calvert in prepared remarks.<\/p>\n

Clarion goes trans-Atlantic<\/h2>\n

Clarion has more than 280 employees in the U.S. and the U.K., and a total of $50 billion in assets under management, with investments across a broad range of real estate asset classes and risk\/return strategies. The firm has announced a flurry of property acquisitions in the last several months, most recently buying a Class A office mid-rise in San Francisco<\/a> for $335.5 million in February.<\/p>\n

In December, Clarion picked up a fully repositioned office building in Midtown Manhattan<\/a> for $282 million and a Class A office asset near Seattle<\/a> for $134.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The $50 billion New York-based real estate investment manager has augmented its $16 billion, 700-property logistics portfolio by buying a majority stake in the European platform.<\/p>\n","protected":false},"author":744,"featured_media":1004315396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,16,21783,21742],"tags":[32790,33227,33129],"class_list":["post-1004315387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-international","category-investment","category-latest","tag-clarion-partners","tag-gramercy-property-trust","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nClarion Acquires Logistics Player Gramercy Europe - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarion Acquires Logistics Player Gramercy Europe\" \/>\n<meta property=\"og:description\" content=\"The $50 billion New York-based real estate investment manager has augmented its $16 billion, 700-property logistics portfolio by buying a majority stake in the European platform.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-10T09:50:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-10T13:05:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Clarion-Gramercy-Rotterdam.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/\",\"name\":\"Clarion Acquires Logistics Player Gramercy Europe - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Clarion-Gramercy-Rotterdam.jpg\",\"datePublished\":\"2019-04-10T09:50:59+00:00\",\"dateModified\":\"2019-04-10T13:05:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-16b-logistics-player-gramercy-europe\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Clarion-Gramercy-Rotterdam.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Clarion-Gramercy-Rotterdam.jpg\",\"width\":800,\"height\":620,\"caption\":\"Clarion Gramercy property in Rotterdam. 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