Macquarie pays €29m for Polish last-mile logistics facility

Macquarie pays €29m for Polish last-mile logistics facility

Macquarie Asset Management, on behalf of one of its managed accounts, has purchased a City Flex last-mile logistics facility in Poland from a 7R-led consortium of investors for €29 million.

Comprised of three buildings, the 15,900m2 last-mile logistics facility is in close proximity to Warsaw Airport, one of Poland’s key transport and logistics hubs, and enjoys easy access to the city centre and major express roads.

The complex is fully-leased to seven local and international tenants and has been awarded a ‘Very Good’ rating under BREEAM’s sustainable building certification scheme.

This investment follows an earlier agreement announced by Macquarie Asset Management and 7R to acquire a portfolio of logistics facilities in key urban and industrial centres across Poland.

Florian Winkle, Co-Head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: “The Polish logistics sector has demonstrated consistent growth in recent years as the demand of e-commerce continues to accelerate.  With its strategic location and technically advanced facilities, this investment provides an exciting opportunity to capitalise on the strong demand for logistics in the region whilst deepening our partnership with 7R.”

Lukasz Jachna, Chief Capital Markets Officer at 7R, said: “7R City Flex Warsaw Airport I is a state-of-the-art logistics complex that offers a perfect match between quality and access to the key infrastructure that helps businesses to grow. These features are highly valued by the tenants who recognised the facility was the perfect place to move their logistics operations, and I’m certain that Macquarie will also benefit from this great advantage.”