Business
Singaporean trust in $418m logistics swoop – The Australian Financial Review
The deal will see the Logos-managed ARA Logos Logistics Trust acquire five Brisbane properties and interests in two Logos-managed funds.
The deal follows a number of big portfolio sales this year amid a wave of capital pouring into prime industrial property, driven to a large extent by the e-commerce boom.
Other notable portfolio deals struck this year include Charter Hall and global investor Allianz Real Estate acquiring four Aldi distribution centres for $648 million and Charter Hall acquiring a $215 million portfolio of glass bottle factories leased back to Owens-Illinois Australia.
In explaining its rationale for the deal, the…
-
Noosa News22 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General23 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General16 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General15 hours agoPope Francis appears Easter Sunday to deliver blessing as recovery continues