Press Release

Macquarie European Logistics Real Estate Fund closes with c. €260 million of investor commitments

London, 02 August 2023

Macquarie Asset Management today announced the final close of Macquarie European Logistics Real Estate Fund with approximately €260 million in investor commitments.

Macquarie Asset Management’s first dedicated fund to the logistics real estate sector in Europe, was launched in 2021 to target opportunities in core and core-plus logistics investments across the region. Drawing on Macquarie Asset Management’s 28-years of global experience in the logistics sector, the strategy seeks to provide investors with exposure to a diversified portfolio of income generating assets.

The fund received commitments from a diverse range of investors, including pension funds and insurance companies. It has been successfully deployed across a portfolio of 10 European properties, including logistics facilities in the Netherlands, Denmark, Poland and Norway.

Christian Goebel, Co-Head of Macquarie Asset Management’s core/core-plus real estate strategy, said: “Reinforced by our expertise in the sector and extensive market research, this milestone reflects the confidence we have in the ongoing growth of the logistics sector in Europe. With long-term structural tailwinds, we are seeing attractive opportunities emerging within the market and would like to thank our new and existing investors for their support.”

The fundraise comes at a time when the logistics market in Europe continues to experience a significant supply and demand imbalance. With logistics occupancy rates remaining a 97 per cent average, accelerated rental growth in the market continues1, whilst indexed leases have also shown to provide an attractive inflation hedge in the current economic environment2.

Macquarie Asset Management’s global real estate team utilises its extensive network and capability across real estate investment and management to provide access to opportunities across the real estate spectrum. Together with its specialist platforms, Macquarie Asset Management has invested more than €13 billion in the logistics real estate sector globally, supporting the continued growth of third-party logistics, global and regional trade, near-shoring, and e-commerce.


  1. CBRE Research, February 2023, based on vacancy rates on c. 2.7%.
  2. MAM Pathways - Real Asset Outlook 2023, January 2023. 

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia).  The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank.  Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.  In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

Media contacts

Australia and New Zealand
T: +61 2 8232 2336
Email regional contact

T: +1 212 231 1310
Email regional contact

T: +852 3922 4772
Email regional contact

Europe, Middle East and Africa
T: +44 20 3037 4014
Email regional contact