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Macquarie AM places last piece in Polish logistics jigsaw puzzle

Marki Logistics Park, Warsaw.

Macquarie Asset Management has acquired the final asset in a €190 million logistics real estate portfolio in Poland on behalf of Germany’s largest pension fund, Bayerische Versorgungskammer.

The 276,000 sq m portfolio comprises 12 logistics assets Hillwood Marki, 7R Park Kokotow, and 7R Park Tczew logistics parks respectively in Warsaw, Kraków, and the Tricity area that incorporates Gdansk, Gdynia and Sopot.

The portfolio has been acquired in stages, beginning in 2019. Acquisition of the 21,500 sq m Building C at Hillwood Marki Logistics Park closed this month.

Macquarie bought the portfolio from developers Hillwood and 7R. Developed between 2017 and 2020, the properties are fully let to e-commerce, light industrial and third party logistics companies.

€300 million of European logistics deals in 2020

Last year, Macquarie Asset Management agreed €300 million of logistics real estate transactions in Europe on behalf of clients. These deals included the acquisition of a 113,000 sq m last-mile logistics portfolio in Poland and a 41,000 sq m logistics facility in Kraków.

The company recently sold two 123,000 sq m e-commerce logistics facilities in Poznań and Wrocław on behalf of clients.

Macquarie and its specialist platforms manage approximately €950 million in logistics real estate in Europe, with a one million sq m 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.

Macquarie Asset Management was advised by Dentons and Cushman & Wakefield.