Macquarie Asset Management acquires €63m Polish logistics portfolio

Macquarie Asset Management has continued to expand its presence in the logistics real estate sector, acquiring a portfolio of CityFlex properties in Poland from 7R for more than €63 million ($71 million) for one of its managed accounts.

The approximately 80,000-square-meter (861,113-square-foot) last-mile logistics portfolio, acquired in several stages since September 2020, is comprised of four newly completed assets and two facilities under construction. Occupying prime locations near key urban and industrial centers, including Gdansk, Lodz, and Wroclaw, the properties are 100 percent leased and benefit from access to key road-, sea-, and air-transport links. All properties have been awarded a “Good” or “Very Good” rating under BREEAM’s sustainable-building-certification scheme.

The portfolio’s latest investment is a facility in Lodz. The acquisition, finalized in October, increases Macquarie Asset Management’s footprint in the Polish logistics real