Macquarie Asset Management has agreed a significant logistics investment for its European Logistics Real Estate Fund.
The Australian headquartered investment firm has acquired a portfolio in the Netherlands from the developer VDG Real Estate in an off-market transaction as the manager continues to increase its presence in Europe’s logistics real estate sector.
The 67,000 m2 portfolio is comprised of three facilities, with market participants saying the value is likely to be north of €100 mln.
Two of the assets are currently under development.
The prime logistics facilities are strategically situated along the Dutch logistics corridor in the towns of Venlo, Ede, and Helmond, and are closely connected to the country’s major cities, ports, and airports.
The portfolio is 100 per cent pre-let to three domestic and international tenants.
Christian Goebel, co-head of Macquarie Asset Management’s Core, Core-Plus Real Estate strategy said the portfolio 'would help meet the demands of tenants and consumers as the digital economy continues to evolve'.
Erik van Dijk, owner of VDG Real Estate said: ‘The Dutch logistics market has continued to demonstrate strong growth despite recent supply chain pressures.'
VDG Real Estate, part of the Van Dijk Group, invests in and develops real estate for clients in various sectors with a strong focus on logistics.
Macquarie Asset Management and its specialist platforms have been investing in the European logistics real estate sector for 15 years and manage a portfolio of 67 properties in Denmark, Finland, France, the Netherlands, Norway, Poland, and the UK.
