Macquarie Asset Management has continued to expand its presence in the European logistics real estate market with the acquisition of two facilities in the Netherlands on behalf of the Macquarie European Logistics Real Estate Fund.
Macquarie Asset Management has agreed to acquire the facilities at Rotterdam Logistics Park (RLP) in Hellevoetsluis from Delta development and ELREP Asset Management LLP, and Lelystad from MG Real Estate in forward purchase agreements following separate off-market processes.
Strategically located near the Port of Rotterdam, Europe’s largest harbour, the RLP facility will have 47,000m2 of flexible floor space following its expected completion in Q4 2023 and benefits from intermodal connections for national and international distribution through extensive sea and road links. The newly constructed 67,000m2 Lelystad property benefits from easy access to key transportation routes through the A6 highway and the CTU Flevokust barge terminal.
Delivered to a high technical standard, the Grade A properties are targeting “Very Good” ratings under the BREEAM sustainable building certification scheme upon completion.
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 acquisition of the RLP and Lelystad facilities are the latest logistics properties acquired by Macquarie Asset Management, on behalf of its clients. In November, Macquarie Asset Management of a prime logistics facility located in the Polish logistics hub of Szczecin.
Together with its specialist platforms, Macquarie Asset Management has invested €13 billion in the logistics real estate sector globally, supporting the continued evolution of the market as a result of third-party logistics, global and regional trade growth, near shoring and increasing e-commerce penetration.
