Aussie investor buys Eurinpro real estate firm
Macquarie Goodman, one of the world’s largest industrial property investment groups, said it has acquired European warehouse developer Eurinpro International SA for A$597 million ($451 million).
Macquarie Goodman, an Australian firm that is part of the Macquarie Bank group of companies, is expanding its global portfolio into real estate for the logistics industry.
Luxembourg-based Eurinpro has custom built 1.2 million square meters of warehouse space in the last five years. Another 425,000 square meters of logistics real estate are under development in eight European countries. Among its clients are Schenker, NYK Logistics, Exel, TNT Logistics, BAX Global, ABX, Sony, JVC, Amazon.com and Mazda. Earlier this week the company announced the opening of a 200,000-square-foot warehouse in Tiel, the Netherlands, for the DHL Exel logistics group.
Macquarie Bank invests heavily in transportation infrastructure.