Macquarie Asset Management has completed the acquisition of a logistics real estate portfolio in Poland on behalf of German pension fund Bayerische Versorgungskammer (BVK).
Macquarie said it has bought the final asset in the €190m portfolio of 12 logistics facilities from Hillwood and 7R.
The fully-leased 276,000sqm portfolio comprises of assets located at the Hillwood Marki, 7R Park Kokotow, and 7R Park Tczew logistics parks in Warsaw, Kraków, and Tricity.
The prime logistics properties were developed between 2017 and 2020.
The portfolio was acquired in several stages from 2019 with the acquisition of its final asset, the 21,500sqm Building C at the Hillwood Marki Logistics Park, closing this month, the manager said.
Dana Gibson, CIO 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.”
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