The technologically-advanced 60,000 sqm facility, which is to be completed later this year, will be trigeneration and solar-powered and equipped with autonomous fulfilment technology. The project is situated off the S8 expressway in Radzymin, on Warsaw’s north-eastern outskirts. It is fully leased to Poland’s largest convenience store operator Żabka and will service more than 3,500 of its approximately 8,200 shops.

"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", said Christian Goebel, the co-head of Macquarie Asset Management’s core/core-plus real estate strategy

BREEAM ‘Excellent’ rating is being targeted for the development, which along with rooftop solar panels and onsite biogas energy installations, will also feature modern cooling, freezing and water recycling systems to help ensure resource efficiency. Upon completion, the operations of the development should be entirely carbon-neutral.

"We are proud to have developed this project with 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", commented Andrzej Potyra, the head of Żabka Property Fund

Macquarie Asset Management and its platforms have been investing in the European logistics real estate sector for 15 years, in such markets as Denmark, Finland, France, the Netherlands, Norway, Poland, Slovakia, Sweden and the UK.