London, 21 April 2021
Macquarie Asset Management has acquired the final asset in a €190 million logistics real estate portfolio in Poland on behalf of Bayerische Versorgungskammer (“BVK”), Germany’s largest pension fund.
The 276,000 sqm portfolio is comprised of 12 modern logistics facilities at the Hillwood Marki, 7R Park Kokotow, and 7R Park Tczew logistics parks in Warsaw, Kraków, and Tricity. The portfolio was acquired in several stages from 2019 with the acquisition of its final asset, the 21,500 sqm Building C at the Hillwood Marki Logistics Park, closing this month.
Macquarie Asset Management acquired the portfolio from Hillwood and 7R. The prime logistics properties were developed between 2017 and 2020 and are 100 per cent leased to e-commerce, light production, and third-party logistics businesses.
Dana Gibson, Chief Investment Officer and Co-Head of Macquarie Asset Management’s Real Estate team in Europe, said: “Prime logistics facilities in strategic locations across Central Europe are in high demand as the growth of the digital economy continues to accelerate. The acquisition of this portfolio represents an opportunity for our client BVK to capitalise on these structural trends by gaining exposure to high-quality assets in core logistics locations.”
Macquarie Asset Management agreed €300 million of logistics real estate transactions in Europe on behalf of clients during 2020, including the acquisition of a 113,000 sqm last-mile Polish logistics portfolio and a 41,000 sqm modern logistics facility in Kraków. Macquarie Asset Management also recently completed the sale of two 123,000 sqm state-of-the-art e-commerce logistics facilities in Poznań and Wrocław on behalf of clients.
Macquarie Asset Management and its specialist platforms manage approximately €950 million in logistics real estate in Europe, with a one million sqm portfolio comprised of 55 properties in Finland, France, the Netherlands, Poland, Slovakia, Sweden, and the United Kingdom. This includes the PLP platform, which is developing and managing 23 prime logistics real estate properties across the United Kingdom.
Together with its specialist platforms, Macquarie Asset Management has invested €6.7 billion in the logistics real estate sector globally on behalf of investors over the past 10 years.
Macquarie Asset Management was advised by Dentons and Cushman & Wakefield.
Patrick Gallagher (London)
+44 (0) 77 9535 3820
Macquarie Asset Management provides specialist investment solutions to clients across a range of capabilities including infrastructure & renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions.
As at 31 December 2020, Macquarie Asset Management had €347 billion of assets under management. Macquarie Asset Management has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe and Asia.
Macquarie Asset Management has been managing assets for institutional and retail investors since 1980 in Australia and in the United States, retail investors recognise Delaware Funds® by Macquarie family of funds as one of the longest standing mutual fund families, with more than 80 years in existence.