Macquarie adds Polish asset to European logistics portfolio

Macquarie adds Polish asset to European logistics portfolio

Macquarie Asset Management has purchased a Polish logistics facility, Goleniów II, from developer 7R on behalf of its European logistics real estate fund.

The approximately 63,000m2 property is strategically located in the Polish logistics hub of Szczecin. The newly developed site benefits from access to key sea and air transportation routes and offers direct access to key European markets through its close proximity to the German border.

The prime property is targeting an ‘Excellent’ rating under BREEAM’s sustainable building certification scheme and is 100 per cent leased to a leading European logistics operator.

The purchase of the Szczecin logistics facility is the latest property acquired by Macquarie Asset Management from 7R in Poland, on behalf of its clients.

In August, Macquarie Asset Management announced the acquisition of a City Flex logistics facility near Warsaw Airport, forming part of the last-mile logistics portfolio located in key urban and industrial centres in Poland that Macquarie Asset Management has been assembling over the last three years with 7R.

Christian Goebel, Co-Head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: “The increasing penetration of e-commerce across the continent has enabled the logistics sector in Poland to flourish. With its strategic location close to the German border and strong transport links, we believe this property is well-placed to help respond to growing demand in the years ahead.”

Tomasz Kostrzewa, Senior Investment Director at 7R, said: “We are excited to continue our cooperation with Macquarie Asset Management. The divestment of 7R Park Goleniów II is another great example of our partnership and the best evidence of the high quality of our assets. It also proves that each of our projects stands out with a great added value not only for tenants but for investors as well. Szczecin and its surroundings offer excellent exposure to regional logistics operations and e-commerce business activities. These features are highly important both for our anchor tenant FIEGE and now for the new owner of the property.”