Macquarie Asset Management agrees to acquire Polish logistics real estate development

Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund.

The 60,000-square-meter (645,835-square-foot) facility will be one of the most technically advanced distribution centers in Europe when it is scheduled to be completed later this year, powered by tri-generation and solar, and equipped with cutting-edge autonomous-fulfilment technology. The facility is strategically located in the Radzymin logistics hub on the S8 expressway, a key gateway to central and northeastern Poland. It is 100-percent leased to Poland’s largest convenience store operator, Żabka, and will service more than 3,500 of its 8,200 stores from the warehouse.

“Poland’s growing standard of life and favourable location in central Europe support strong logistics d