Macquarie Asset Management is expanding its presence in France by acquiring two logistics facilities in a forward funding agreement with Linkcity, a subsidiary of Bouygues Construction.
Macquarie is making the investments for an undisclosed price on behalf of the Macquarie GLL European Property Fund.
Logisterra consists of two facilities totalling 102,000 m2, which are due to be completed in Q3 2023.
The assets will be developed in the major logistics hub of the Hauts-de-France region.
Christian Goebel, co-head of Macquarie core/core-plus real estate strategy, said: ‘With their strategic location and high design standards, these facilities will help us to both meet and anticipate the evolving needs of our logistics real estate tenants.'
