Key Takeaways
- • Clarion Partners hired Magesh Srinivasan as the newly created Senior Vice President, Power & Energy Strategy, launching a dedicated power-focused business line within the real estate investment manager.
- • Srinivasan most recently spent four years at Prologis, the world's largest industrial REIT, as its global head of energy markets, leading energy and infrastructure strategy for the logistics portfolio across the U.S., Europe and Mexico.
- • Srinivasan brings 18 years of electricity-markets experience, including 14 years at Southern California Edison before joining Prologis.
- • The role is based in Clarion's Dallas office and is mandated to build a portfolio-wide view of power availability and infrastructure constraints, embedding power considerations into leasing, development and investment decisions.
- • Clarion's industrial platform head Dayton Conklin framed the move as a response to power availability becoming an increasingly important factor across industrial real estate.
Summary
Clarion Partners has launched a new power-focused business line, appointing Magesh Srinivasan to the newly created role of Senior Vice President, Power & Energy Strategy, according to a Bisnow report on the announcement made Thursday. Srinivasan joins from Prologis, where he spent the last four years as global head of energy markets at the world's largest industrial real estate company. At Prologis he led energy and infrastructure strategy for the firm's logistics real estate portfolio in the U.S., Europe and Mexico, and was involved in structured power transactions, energy risk management, utility-scale and distributed energy solutions, and energy infrastructure investments.
In the new role, Srinivasan will be based in Clarion's Dallas office and tasked with establishing "power and energy management as a core strategic capability" for the firm. He is responsible for developing a portfolio-wide view of power availability, infrastructure constraints and opportunities, and will work across Clarion's leasing, development and investment teams to incorporate power considerations into their strategies.
Dayton Conklin, head of Clarion's industrial platform, said in a statement that power availability is becoming an increasingly important consideration across the industrial real estate landscape, and that the appointment reflects Clarion's focus on anticipating these structural changes and integrating power considerations into investment, development and portfolio strategy.
Srinivasan's background predates Prologis: he spent 14 years at electric utility Southern California Edison before moving into real estate, giving him a total of roughly 18 years in electricity markets. The appointment highlights a broader industry trend in which access to grid power has become a gating factor for industrial and data center development.
In the new role, Srinivasan will be based in Clarion's Dallas office and tasked with establishing "power and energy management as a core strategic capability" for the firm. He is responsible for developing a portfolio-wide view of power availability, infrastructure constraints and opportunities, and will work across Clarion's leasing, development and investment teams to incorporate power considerations into their strategies.
Dayton Conklin, head of Clarion's industrial platform, said in a statement that power availability is becoming an increasingly important consideration across the industrial real estate landscape, and that the appointment reflects Clarion's focus on anticipating these structural changes and integrating power considerations into investment, development and portfolio strategy.
Srinivasan's background predates Prologis: he spent 14 years at electric utility Southern California Edison before moving into real estate, giving him a total of roughly 18 years in electricity markets. The appointment highlights a broader industry trend in which access to grid power has become a gating factor for industrial and data center development.
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