Macquarie closes European logistics real estate fund at €260m

Macquarie closes European logistics real estate fund at €260m

Macquarie Asset Management has announced the final close of Macquarie European Logistics Real Estate Fund with approximately €260 million in investor commitments.

Macquarie Asset Management’s first dedicated fund to the logistics real estate sector in Europe, was launched in 2021 to target opportunities in core and core-plus logistics investments across the region.

The fund received commitments from a diverse range of investors, including pension funds and insurance companies. It has been deployed across a portfolio of 10 European properties, including logistics facilities in the Netherlands, Denmark, Poland and Norway.

Christian Goebel, Co-Head of Macquarie Asset Management’s core/core-plus real estate strategy, said: “Reinforced by our expertise in the sector and extensive market research, this milestone reflects the confidence we have in the ongoing growth of the logistics sector in Europe. With long-term structural tailwinds, we are seeing attractive opportunities emerging within the market and would like to thank our new and existing investors for their support.”

The fundraise comes at a time when the logistics market in Europe continues to experience a significant supply and demand imbalance.

With logistics occupancy rates remaining a 97 per cent average, accelerated rental growth in the market continues, whilst indexed leases have also shown to provide an attractive inflation hedge in the current economic environment.

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