Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund.
The 60,000 square metres facility will be one of the most technically advanced distribution centres in Europe when it is completed later this year, powered by trigeneration and solar, and equipped with cutting-edge autonomous fulfilment technology. The facility is strategically located in the Radzymin logistics hub on the S8 expressway, a key gateway to central and north-eastern Poland. It is 100 per cent leased to Poland’s largest convenience store operator Żabka and will service more than 3,500 of its 8,200 stores from the warehouse.
Christian Goebel, Co-Head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: “Poland’s growing standard of life and favourable location in central Europe support strong logistics demand from domestic and international companies. We are delighted to expand our real estate logistics footprint in this important market and to partner with Żabka as a high-quality, long-term tenant.”
Andrzej Potyra, Head of Żabka Property Fund, said: “We are proud to have developed this project alongside 7R which is set to be the most technically advanced in Żabka’s distribution chain. This forward funding deal is an example of cooperation at its best between investor, tenant and developer. In Macquarie, we have found a highly experienced manager to take this project forward, and we look forward to continuing our partnership together as a tenant.”
Source: macquarie.com on the 10th of May 2022