Macquarie Asset Management has acquired a portfolio of CityFlex logistics properties in Poland from 7R for more than €63m.

Macquarie said the 80,000sqm last-mile portfolio was acquired on behalf of one of its managed accounts.

The logistics portfolio comprises four newly completed assets and two facilities under construction.

Dana Gibson, co-head of Macquarie Asset Management’s real estate team in Europe, said: “The pandemic has shone a spotlight on the vital role the logistics real estate sector plays in underpinning efficient global supply chains.

As the demand for strategically located facilities with strong sustainability credentials continues to grow, we are delighted to continue our partnership with 7R in Poland and to secure this high-quality portfolio.”

Lukasz Jachna, chief capital markets officer, member of the board at 7R, said: “Building the first last-mile logistics network in Poland, which covers all key city locations with 7R’s urban warehouses, and partnering with Macquarie is an excellent example of cooperation between capital and development.”

To read the digital edition of the latest IPE Real Assets magazine click here.