Clarion Partners has held a final close at €552m for its Clarion Europe Sale-Leaseback Fund III. Including debt, the vehicle has about €1.1bn of firepower. Investors from Europe, the US, the Middle East, and Asia backed the fund. Threadmark acted as global placement agent. The fund has bought 10 assets totalling 123,000m² across Germany, the Netherlands, Portugal, and the Czech Republic. They span office, supermarket, industrial, and logistics sectors. Clarion targets fully-let, long-income, net-lease assets sold by corporates seeking capital. Managing director Thorben Schaefer said tighter liquidity is making sale-leasebacks "an attractive and growing alternative to bank financing." Rory Buck, head of investment in Europe, said the raise gives Clarion "the scale and flexibility" to pursue the strategy.

TCC and Clarion Partners break ground on final phase of Manassas Logistics Center in Northern Virginia. October 28, 2026 Media contact. Sr. Communications & Media Manager Trammell Crow Company ("TCC"), a leading commercial real estate developer, and JV partner Clarion Partners have broken ground on the third and final phase of Manassas Logistics Center in Prince William County, Virginia. Phase III will include four speculative warehouse buildings totaling 560,673 square feet, bringing the entire park to eight buildings and over 1.2 million square feet. Delivery of Phase III is scheduled for winter 2027. Located on Golf Academy Drive just west of Old Town Manassas and Prince William Parkway, the four buildings in Phase III will range in size from 69,000 to 205,000 square feet. Each building will be either rear or front-loading and will feature clear heights between 32 and 36 feet. Building depths will range between 150 and 260 feet, and each building will feature ample vehicle parking and numerous truck stalls. CBRE is marketing each building for lease. "We're excited to kick off the final phase of Manassas Logistics Center," said Chris Rodriguez, Managing Director with TCC MidAtlantic. "Tenant demand has been strong throughout the development cycle on this project. We're happy to have met the market and anticipate bringing more best-in-class warehouse space to Northern Virginia." Phase II of Manassas Logistics Center, which features two buildings totaling 320,754 square feet, was delivered in September 2026 and is 75% leased. The entirety of Building 3, measuring 134,512 square feet, has been leased, while a portion of Building 4 (79,640 square feet) remains available. Phase I of the park, which was delivered in 2023 and measures 333,720 square feet across two buildings, is fully leased. "This project reflects Clarion's continued focus on investing in high-barrier-to-entry markets alongside quality partners like TCC," said Clarion Partners Managing Director Elliott Byers. "The next four buildings will feature market-leading specifications and achieve LEED certification through Clarion's LEED Volume program, reinforcing our commitment to sustainable development and long-term value creation." McCloud Builders will serve as the general contractor on Phase III, which was designed by MGMA. A construction loan was provided by Regions Bank. Bob Gibbs of CBRE is leading the leasing efforts for the project. Trammell Crow Company. Trammell Crow Company (TCC) is a leading commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired 3,000 buildings valued at $90 billion spanning more than 700 million square feet. As of September 30, 2026, TCC had nearly $30 billion of projects in process and in its pipeline. With approximately 440 employees throughout the United States and Europe in 25 offices, the company serves investors in and occupiers of office, industrial/logistics, healthcare, life science, data center, mixed-use, and multifamily projects through its residential subsidiary, High Street Residential. For more information, visit www.TrammellCrow.com.

Rory Buck to lead Clarion Partners' European logistics and net-lease business. by Released Clarion Partners Europe, the real estate investment manager specializing in logistics and industrial assets across Europe, has announced that managing director Rory Buck will succeed CEO Alistair Calvert upon his retirement from the business in 2027. Calvert will remain CEO on a full-time basis for a transition period of at least six months, continuing to play an active role in client relationships, strategic initiatives and investment decisions. With a principal focus on European logistics and net-lease assets, Clarion's €3.2 billion ($3.58 billion) European platform forms an integral part of its approximately €40 billion ($44.79 billion) global industrial business. Calvert founded what was then Gramercy Europe in 2006 and has served as CEO of the platform since Clarion Partners' acquisition in 2019. Buck joined Calvert in 2016. Under Calvert's leadership, the business has raised and managed seven funds since i