Macquarie Asset Management’s European logistics real estate fund has added two facilities in the Netherlands to its portfolio.
The Macquarie European Logistics Real Estate Fund is investing undisclosed sums in separate forward purchase agreements to buy the facilities at Rotterdam Logistics Park (RLP) in Hellevoetsluis from Delta Development Group and ELREP Asset Management, and Lelystad from MG Real Estate.
The RLP facility will have 47,000sqm of flexible floor space following its expected completion in the fourth quarter of this year. The Lelystad asset is a newly constructed 67,000sqm property.
Christian Goebel, co-head of Macquarie Asset Management’s core/core-plus real estate strategy, said: “We are delighted to expand our presence in one of the largest logistics markets in Europe through our acquisition of these state-of-the-art facilities.
“The Netherlands has met the formidable demands posed by the growth of the digital economy by becoming the gateway to Europe, positioning these properties well to service both domestic and international consumers.”
The RLP and Lelystad facilities are the latest logistics properties acquired by Macquarie Asset Management, on behalf of its clients. In November, Macquarie announced the acquisition of a prime logistics facility located in the Polish logistics hub of Szczecin.
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