Oxford, AustralianSuper, and M7 expand European logistics footprint

Oxford Properties, AustralianSuper, and M7 Real Estatehave acquired a portfolio of 31 logistics properties in the UK and France. 

Saint Michel sur Orge

The acquisition was conducted through their European Supply Chain Investment Partnership (ESCIP) joint venture.
This acquisition adds 222,967 m² of urban infill and mid-box logistics space to ESCIP's holdings, bringing its total to over 1,114,836 m² across 116 European assets.
This marks a significant step in ESCIP's growth strategy, with approximately €600 mln invested in the past year, bringing its total assets under management to €1.4 bn. 
The newly acquired properties, previously managed by Mileway and owned by Blackstone-managed funds, are strategically located in key markets like Manchester, Leeds, Milton Keynes, Paris, and Lyon. 
ESCIP plans to enhance the value of these assets through active management, rental adjustments, and ESG improvements.
David Ebbrell, CEO at M7 Real Estate, commented: “With this acquisition, we have secured a high-quality portfolio of well-located logistics assets into ESCIP, which add significant scale and income to the portfolio.  Our local teams will undertake a number of value accretive asset management opportunities that we have identified to continue to enhance the portfolio.”
Alicia Peters, VP at Oxford Properties, remarked: “This transaction demonstrates our continued conviction in the resilience and long-term growth of the European logistics sector. By acquiring a portfolio of scale in supply-constrained urban markets, we have grown our portfolio to over 1.1 mln m2 and €1.4 bn by value.”
Matthew Fidge, investment director at AustralianSuper, added: “Our partnership with Oxford and M7 continues to deepen, and this strategic acquisition is the latest example of the quality of investments this partnership can deliver for AustralianSuper’s members. The portfolio’s location in key target markets, asset quality and growth potential are well aligned with our shared strategy for ESCIP.”